nCino, which offers an end-to-end digital banking platform for financial institutions, raised $250 million by offering 8.1 million shares at $31, above the upwardly revised range of $28 to $29. The company offered 435,000 more shares than anticipated. It originally filed to offer 7.6 million shares at $22 to $24 before increasing the range last week. At pricing, nCino commands a fully diluted market cap of $3.0 billion (+36% vs. original midpoint).
nCino plans to list on the Nasdaq under the symbol NCNO. BofA Securities, Barclays, KeyBanc Capital Markets, and SunTrust Robinson Humphrey acted as lead managers on the deal.
