WILMINGTON, N.C., (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), today announced that it has launched a secondary public offering of 5,500,000 shares of common stock to be sold by certain stockholders of nCino (the “Selling Stockholders”). 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. The Company is not selling any shares and will not receive any proceeds from such offering.

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.

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 1,200 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.