Cloud-Based Banking Software Provider nCIno Registers More Common Stock

On October 5th, nCino, Inc. (NASDAQ: NCNO) filed paperwork with the SEC in which nCino registered more shares of common stock. In their preliminary prospectus for this offering, nCino states that "certain stockholders of nCino, inc. including members of management and the board of directors, are offering 5,500,000 shares of our common stock." nCino as a company will "not receive any proceeds from the shares of common stock in this offering." BofA Securities, Barclays, KeyBanc Capital Markets, Truist Securities, Piper Sandler, Raymond James, and Macquarie Capital are serving as underwriters for this deal. Furthermore, some of the selling stockholders previously mentioned have given the underwriters the right to purchase up to an additional 825,000 shares, which will be available at the pu...

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