nCino’s $555 Million Common Stock Offering

Willkie Farr & Gallagher LLP represented Insight Partners affiliates as selling stockholders in the offering.

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.

BofA Securities and Barclays acted as lead book-running managers for the offering. KeyBanc Capital Markets and Truist Securities also acted 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 Willkie team representing Insight Partners was led by partners Morgan Elwyn (Picture) and Jeffrey Hochman and associate Stephanie Moran.

Involved fees earner: Morgan Elwyn – Willkie Farr & Gallagher; Jeffrey Hochman – Willkie Farr & Gallagher; Stephanie Moran – Willkie Farr & Gallagher;

Law Firms: Willkie Farr & Gallagher;

Clients: Insight Partners;

Author: Ambrogio Visconti