Legislation360 (July 7, 2020, 5:54 PM EDT) — Non-public equity-backed monetary expertise firm nCino stated Tuesday it expects to lift $175 million in an preliminary public providing guided by Sidley Austin LLP and Ropes & Grey LLP.
Sidley-led nCino Inc. stated it’s aiming to promote greater than 7.6 million shares within the price vary of $22 to $24, bringing the proceeds to greater than $175.37 million based mostly on the midpoint share price, in line with its registration assertion with the U.S. Securities and Alternate Fee. NCino stated the cash will fund normal enterprise operations.
The North Carolina-based firm initially filed confidentially in May, in line with SEC information.
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