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Banking & Finance

Secondary Public Offering Launched Of 5.5M Shares Of NCino Stock

By Staff Reports, posted Oct 6, 2020
nCino, which launched its initial public offering this summer, has announced a second public offering of its stock. (File photo)
Wilmington-based nCino Inc. announced the launch of its secondary public offering of 5.5 million shares of stock, according to a news release. 

The stock is being sold by certain stockholders of nCino, a banking software firm.

The company is not selling any shares and will not receive any proceeds from the offering, officials said in the release.

"In addition, certain of the Selling Stockholders are expected to grant the underwriters a 30-day option to purchase up to an additional 825,000 shares of common stock," stated the release.

nCino stock, which is being traded on the Nasdaq under the symbol NCNO, closed Monday at $75.64 per share.

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


"The offering will be made only by means of a prospectus, which will be filed with the SEC and will be available on the SEC’s website."

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