nCino OpCo, Inc.

nCino OpCo, Inc. (NCNO) priced its initial public offering on Jul 14, 2020 at $31.00 per share, above its $28.00–$29.00 range, raising $249.9M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $2.78B. BofA Securities was lead-left underwriter, joined by Barclays, KeyBanc and Piper Sandler and others. Sidley Austin advised the company and Ropes & Gray advised the underwriters.

nCino OpCo, Inc. provides cloud-based software for financial institutions. Its nCino Bank Operating System helps banks and credit unions digitize and automate processes such as client onboarding, lending, account opening and regulatory compliance, using data analytics and artificial intelligence and machine learning.

Status

IPO

Ticker

NCNO

Exchange

Nasdaq Global Select

Priced

Jul 14, 2020

IPO price

$31.00

Price range

$28.00–$29.00

Raised

$249.9M

Market cap at IPO price

$2.78B

First filed

Jun 22, 2020

Underwriters

BofA Securities, Barclays, KeyBanc, Piper Sandler, Raymond James and Macquarie

Company counsel

Sidley Austin

Underwriters' counsel

Ropes & Gray

Sector

Technology

Country / state

NC

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.