** Shares of investment accounting software provider Clearwater Analytics CWAN.N fall 3.6% to $29.90 in extended trade
** CWAN launches a secondary public offering of 25 mln Class A shares worth $775.5 mln based on the stock's last close
** Private equity firms Welsh, Carson, Anderson & Stowe, Warburg Pincus and Permira Advisers are selling shares in the offering
** CWAN has 247 mln outstanding shares with a $7.88 bln market capitalization - LSEG data
** J.P. Morgan is the sole book-running manager for the proposed offering
** As of last close, CWAN shares up ~55% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
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