WILMINGTON, N.C., July 13, 2020 (GLOBE NEWSWIRE) -- nCino, Inc. (“nCino”) today announced the pricing of its initial public offering of 8,060,000 shares of its common stock at the initial public offering price of $31.00 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. The shares are expected to begin trading on The Nasdaq Global Select Market on July 14, 2020, under the ticker symbol “NCNO.” The offering is expected to close on July 16, 2020, subject to customary closing conditions.

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.

About nCino

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.