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nCino sharply raises its IPO price range, boosting possible valuation to $2.6B

July 10, 2020

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As expected, fintech company nCino has raised its IPO price range. The North Carolina-based banking software firm now expects to sell its shares for between $28 and $29 per share, far more than its initial price range of $22 to $24 per share. At its $28 to $29 per-share price interval, nCino is worth $2.50 billion to $2.59 billion, sharply more than its preceding $1.96 billion to $2.14 billion range. The valuation makes more sense for the company, given its growth rate, revenue scale and how the market is currently…

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nCino sharply raises its IPO price range, boosting possible valuation to $2.6B

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