WILMINGTON – nCino, a fast-growing global provider of cloud-based banking services, is looking to go public.
The Wilmington-based firm disclosed it had filed a registration statement with the SEC for an initial public offering of stock. nCino says it is seeking as much as $100 million.
However, the number of shares and any pricing range was not disclosed.
nCino intends to be listed on the Nasdaq under the symbol “NCNO.”
The firm “booked $153 million in revenue for the 12 months ended April 30,” according to Reniassance Capital.
But it goes looking for investors with a record of growing revenue – and losses.
Crunchbase says nCino “had revenue of $138.2 million in its last fiscal year, which ended in January. That’s a sharp increase from the $91.5 million in revenue posted for the prior fiscal year. Meanwhile, nCino posted a net loss of $27.7 million in its most recent fiscal year, a slight increase from its $22.3 million loss in the year-ago period.”