- Advent International priced a 37,342,526‑share secondary offering at $7.79; the sale represents all shares held by Advent affiliates and CCC receives no proceeds. Closing was expected today (Nov. 7), subject to customary conditions. Goldman Sachs is book‑runner.
- The sale equals ~5.8% of shares outstanding, signaling a full exit by the selling stockholder group. Pre‑market reaction yesterday was modestly lower.
- Reminder: the company changed its Nasdaq ticker to “CCC” effective Oct. 31, 2025 (many outlets still reference “CCCS”). ir.cccis.com
What happened
CCC Intelligent Solutions said affiliates of Advent International (the selling stockholders) priced a secondary offering of 37,342,526 common shares at $7.79. The company itself is not issuing shares and will not receive proceeds. The release noted the offering was expected to close on or about Friday, Nov. 7, 2025, pending customary conditions; Goldman Sachs & Co. LLC is acting as book‑running manager.
A related prospectus supplement details the $7.79 offer price and expected Nov. 7 settlement, aligning with the company’s announcement.
Market reports framed the sale as Advent’s full exit (~5.8% stake); shares traded slightly lower on the news.
Context you should know
Ticker change: CCC replaces CCCS
CCC confirmed in October that its Nasdaq ticker switched to “CCC” on Oct. 31, 2025. If you see “CCCS” in third‑party articles or data feeds, it’s likely legacy labeling. ir.cccis.com
Earnings backdrop (reported Oct. 30)
- Q3 2025 revenue:$267.1M, up 12% year over year.
- GAAP gross margin:72%; Adjusted EBITDA:$110.1M (+8% Y/Y).
- GAAP net:($2.0M); Adjusted net income:$59.4M.
- Guidance:Q4 revenue $272–$277M; FY25 revenue $1.051–$1.056B; FY25 adjusted EBITDA $423–$428M.
Today on the tape: fund flows item
A MarketBeat note published today says Summit Creek Advisors trimmed its position based on historical filings; as is typical with holdings stories, the underlying transactions occurred in prior periods even though the write‑up is dated Nov. 7.
What it could mean for investors
- Technical float dynamics: Because CCC doesn’t issue new shares and gets no cash, the event is chiefly about ownership rotation from a PE holder to the public market. Such blocks can pressure shares near the $7.79 print in the short term, but they also remove overhang from a large legacy holder post‑deal.
- Signal value: A complete exit by the selling stockholders cleans up the cap table and may improve liquidity; however, near‑term supply can keep trading anchored around the deal price until absorption. (This is a market‑structure observation, not a forecast.)
- Fundamentals remain the anchor: Q3 showed double‑digit revenue growth and 40%+ adjusted EBITDA margin, while FY guidance implies steady execution into year‑end. Keep an eye on whether Q4 revenue ($272–$277M) lands inside the guided range.
Key facts & dates
- Deal size:37,342,526 shares at $7.79. Book‑runner:Goldman Sachs & Co. LLC. Issuer proceeds:$0 (all secondary). Expected closing/settlement:Nov. 7, 2025.
- Stake context: ~5.8% of outstanding shares (based on ~640–642M shares outstanding), indicating a full exit of the selling stockholders’ remaining position.
- Ticker:CCC (effective Oct. 31, 2025; previously CCCS).
Recent timeline
- Nov. 7, 2025: Story still developing as the offering was expected to close today.
- Nov. 6, 2025: Company published pricing release; market commentary noted mild pre‑market weakness.
- Oct. 30, 2025:Q3 2025 results and FY outlook issued.
- Oct. 31, 2025:Ticker change to “CCC” took effect. ir.cccis.com
Sources & references
- Company news release (pricing of secondary offering): Nov. 6, 2025.
- Prospectus supplement details (424B3 summary): pricing/settlement information.
- Market color (Reuters/TradingView feed): Advent exit and pre‑market move.
- Q3 2025 earnings press release: revenue, profitability, guidance.
- Holdings note (published today): Summit Creek Advisors position change (historical filing).
Editorial note: This article is for informational purposes only and does not constitute investment advice. Always do your own research and consider consulting a licensed financial professional.
