NCino IPO Raises $250 Million, Far Exceeding Expectations
Summary
Financial software company nCino (NCNO) raised $250 million with an initial public offering late Monday that far exceeded expectations. "We empower banks and credit unions with the technology they need to meet ever-changing client expectations and regulatory requirements," according to the nCino IPO filing. " It said the number of shares requested by institutional investor was more than 50 times higher than whats being made available. The lead underwriters are BofA Securities, Barclays and KeyBanc Capital Markets. Please follow Brian Deagon on Twitter at @IBD_BDeagon for more on tech stocks, analysis and financial markets.
Classifications
industries
Fintech & Banking
applications
Business Intelligence
AskAI Classifications
Labels
Financial Technology
SaaS
Banking Software
Linked Companies
nCino
$250M to $500M