Cloud-based software business nCino launches its IPO on Tuesday.
In Brief:
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It is offering 7.6mn shares priced at $22-24.
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If all goes to plan the business could be worth $2bn.
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nCino empowers financial institutions like banks and credit unions to operate more digitally.
What does this mean?
From 2018-19, nCino raised a total of $130mn. Its investors include Salesforce Ventures. More than 1,100 FIs globally use nCino’s services, including OakNorth, YBS and Santander.
