nCino Announces Upsizing and Pricing of Secondary Offering of Common Stock

October 9, 2020

Willkie represented Insight Partners affiliates as selling stockholders in the $555 million public offering.

On October 07, nCino, Inc. (NASDAQ: NCNO) announced the pricing of a secondary public offering of 6,706,944 shares of common stock to be sold by certain stockholders of nCino (the “Selling Stockholders”) at a public offering price of $72 per share.

The public offering was upsized from the previously announced 5,500,000 shares of common stock. In addition, certain of the Selling Stockholders granted the underwriters a 30-day option to purchase up to an additional 1,006,041 shares (upsized from the previously announced option of up to 825,000 shares of common stock) at the public offering price less underwriting discounts and commissions.

Willkie represented Insight Partners affiliates as selling stockholders in the offering, valued at $555 million, which includes the sale of the additional 1,006,041 shares.
The offering is expected to close on October 13, 2020, subject to customary closing conditions. The company is not selling any shares and will not receive any proceeds from such offering.

BofA Securities and Barclays are acting as lead book-running managers for the offering. KeyBanc Capital Markets and Truist Securities are also acting as book-running managers for the offering, along with Piper Sandler, Raymond James and Macquarie Capital.

nCino is a leading global provider of cloud-based software for financial institutions. Its Bank Operating System improves employee efficiency while enhancing the customer experience for onboarding, loans and deposits across all lines of business. The company works with more than 1,200 financial institutions globally whose assets range in size from $30 million to $2 trillion.

The deal was handled by partners Morgan Elwyn and Jeffrey Hochman and associate Stephanie Moran.