Fintech startup nCino targets ~$2B valuation in impending IPO
https://techcrunch.com/2020/07/08/fintech-startup-ncino-targets-2b-valuation-in-impending-ipo/
As IPO season continues, another venture-backed tech company is moving closer toward going public. This week nCino filed an updated S-1 filing, providing an initial price range for its equity of $22 to $24 per share.
Indeed, nCino, a fintech startup that provides operating software to banks, intends to sell 7.625 million shares in its debut, worth $167.75 million to $183 million at those prices. Including shares offered to its underwriters, its haul grows to between $192.9 million and $210.5 million.