*DJ Duck Creek Technologies, Inc. Files for IPO, Applies to List on Nasdaq Under 'DCT' -- Filing
(MORE TO FOLLOW) Dow Jones Newswires (212-416-2800)
July 23, 2020 17:28 ET (21:28 GMT)
DJ Duck Creek Technologies Files for IPO
By Josh Beckerman
Duck Creek Technologies, an insurance software company carved out from Accenture PLC in 2016, filed for an initial public offering.
Apax Partners bought a majority stake in the 2016 transaction. Duck Creek said in June that it received a $230 million investment from Kayne Anderson Rudnick Investment Management, Whale Rock Capital Management and others.
The company said revenue was $153 million for the nine months ended May 31, up 24% from the comparable prior-year period.
The filing lists a placeholder amount of $200 million. The company applied for listing on Nasdaq under the symbol DCT.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
July 23, 2020 18:38 ET (22:38 GMT)
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