SS&C Technologies Sets Price for 2PO

SS&C Technologies (NASDAQ: SSNC), a portfolio company of The Carlyle Group, has set the price for its secondary public offering of 11 million shares of common stock at $17.60 per share, putting the total offering valuation at $193.6 million. The company is offering 2 million of the shares, while the other 9 million are being offered by selling stockholders. JP Morgan, Morgan Stanley and Deutsche Bank are leading the underwriting. SS&C provides financial services software and software-enabled services. Carlyle acquired the company in a 2005 LBO and took it public in March 2010.