nCino Files Registration Statement for Proposed Initial Public Offering

Rhea-AI Summary

nCino has filed a registration statement for an initial public offering (IPO) with the SEC, aiming to list on Nasdaq under the symbol NCNO. The number of shares and price range are yet to be determined. BofA Securities and Barclays are the lead book-running managers for this offering, which will proceed only through a prospectus. The company specializes in cloud-based software for financial institutions, focusing on enhancing efficiency and customer experience.

Positive

• nCino specializes in cloud-based software for financial institutions, enhancing operational efficiency and customer experience.
• The IPO allows nCino to raise funds for expansion and innovation.

Negative

• The number of shares and pricing details are not yet finalized, creating uncertainty.
• There may be potential dilution of existing shares when the IPO occurs.

WILMINGTON, N.C., June 22, 2020 /PRNewswire/ -- -02%2F716y8w&a=nCino" rel="nofollow">nCino, Inc. today announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of shares of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. nCino intends to list its common stock on the Nasdaq Global Select Market under the ticker symbol "NCNO."

BofA Securities and Barclays are acting as lead book-running managers for the proposed offering. KeyBanc Capital Markets and SunTrust Robinson Humphrey are also acting as book-running managers for the proposed offering, along with Piper Sandler, Raymond James and Macquarie Capital.

The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus related to this offering, when available, may be obtained from BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, Attn: Prospectus Department, or via email: dg.prospectus_requests@bofa.com, or Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by calling (888) 603-5847, or by email at barclaysprospectus@broadridge.com. A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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.

CONTACTS
MEDIA CONTACTS
Claire Sandstrom, nCino	Natalia Moose, nCino
+1 646.520.0710	+1 910.248.4602
csandstrom@mww.com	natalia.moose@ncino.com
INVESTOR CONTACT
JoAnn Horne
Market Street Partners
+1 415.445.3240
jhorne@marketstreetpartners.com

View original content:http://www.prnewswire.com/news-releases/ncino-files-registration-statement-for-proposed-initial-public-offering-301081058.html

SOURCE nCino

FAQ

What is nCino's proposed initial public offering (IPO) date?

nCino has not set a specific IPO date yet; they have filed a registration statement with the SEC, but the offering is pending.

What is the ticker symbol for nCino in the IPO?

nCino plans to list its shares on Nasdaq under the ticker symbol NCNO.

Who are the lead underwriters for nCino's IPO?

BofA Securities and Barclays are acting as lead book-running managers for the IPO, with additional support from KeyBanc Capital Markets and SunTrust Robinson Humphrey.

Will the number of shares offered by nCino be disclosed before the IPO?

No, the number of shares to be offered has not yet been determined and will be disclosed in the prospectus.

How does nCino's IPO affect existing shareholders?

The IPO may lead to dilution of existing shares, affecting current shareholders' equity.