The banking software provider's shares have nearly tripled following an offering in which it floated well above its range.
US-based banking software producer nCino went public yesterday in a $250m initial public offering that scored an exit for enterprise software provider Salesforce’s corporate venturing unit, Salesforce Ventures.
The IPO consisted of 8.06 million shares priced at $31.00 each, significantly above the $22 to $24 nCino had set last week. Its shares almost tripled to close at $91.59 on their first day of trading on the Nasdaq Global Select Market yesterday, valuing it at more than $8.2bn.
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