nCino (NCNO) IPO Opens 129% Higher

Today's IPO for nCino, Inc. (NASDAQ: NCNO) opened for trading at $71 after pricing 8,060,000 shares of its common stock at the initial public offering price of $31 per share.

The underwriters have been granted a 30-day option to purchase up to 1,209,000 additional shares at the initial public offering price less underwriting discounts and commissions.

BofA Securities and Barclays are acting as lead book-running managers for the offering. KeyBanc Capital Markets and SunTrust Robinson Humphrey are also acting as book-running managers for the offering, along with Piper Sandler, Raymond James and Macquarie Capital.

nCino is a leading global provider of cloud-based software for financial institutions. Its Bank Operating System improves employee efficiency while enhancing the customer experience for onboarding, loans and deposits across all lines of business. Transforming how financial institutions operate through innovation, reputation and speed, nCino works with more than 1,100 financial institutions globally whose assets range in size from $30 million to $2 trillion. A proven leader, nCino is part of the 2019 Forbes Cloud 100 and was named the #1 "Best Fintech to Work For" by American Banker.

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