Print
Banking & Finance

Secondary Public Offering Launched Of 5.5M Shares Of NCino Stock

By Staff Reports, posted Oct 6, 2020
nCino, which launched its initial public offering this summer, has announced a second public offering of its stock. (File photo)
Wilmington-based nCino Inc. announced the launch of its secondary public offering of 5.5 million shares of stock, according to a news release. 

The stock is being sold by certain stockholders of nCino, a banking software firm.

The company is not selling any shares and will not receive any proceeds from the offering, officials said in the release.

"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," stated the release.

nCino stock, which is being traded on the Nasdaq under the symbol NCNO, closed Monday at $75.64 per share.

"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," stated the release.


"The offering will be made only by means of a prospectus, which will be filed with the SEC and will be available on the SEC’s website."

Ico insights

INSIGHTS

SPONSORS' CONTENT
Alycephillipsnew2

IRA Ins And Outs: Managing Your Individual Retirement Account

Alyce Phillips - Old North State Trust LLC
Drewsmith copiersplus headshot

How Investing In Office Technology Can Save You In Taxes

Drew Smith - Copiers Plus
Cflc kellygosssechristheadshot

Raising Money In Troubled Times: 6 Ways You Can Help

Kelly Goss Sechrist - Cape Fear Literacy Council

Trending News

Wilmington Downtown Inc. Announces New CEO

Cece Nunn - Dec 3, 2020

In Downtown Wilmington, New Office Space Emerges Inside Historical Building

Cece Nunn - Dec 2, 2020

Tama Cafe Closing On Military Cutoff Road In Wilmington

Jessica Maurer - Dec 2, 2020

County Tier Downgrade Could Help More Money Flow Into The Region

Christina Haley O'Neal - Dec 1, 2020

Commercial Space Changing To Residential In Leland Mixed-use Project

Cece Nunn - Dec 3, 2020

In The Current Issue

Area So Far Immune To Worker Shortage

Wilmington-area hospitals have not had any major worker shortages during the pandemic, officials said, unlike other parts of the country....


COVID Highlights Cold Chain Needs

Pharmaceuticals and agriculture are heavy players in driving some of the state’s cold chain business, and more opportunities may come with t...


Novant Health Raises Minimum Wage To $15

More than 2,000 Novant Health employees will get a pay raise in January when the Winston-Salem-based health care system raises its minimum w...

Book On Business

The 2020 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2020 Leadership Accelerator: Virtual Workshops for Real Leaders
2019 Health Care Heroes
August 26, 2019 Power Breakfast: A Healthy Sale?
2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`