Fintech startup nCino has filed an updated S-1 that indicates it will be pricing shares initially in the $22 to $24 range; this would give the company, which bills its SaaS offering as a “bank operating system”, a valuation of approximately $2 billion with cash being raised around $200 million; it is not known what nCino’s last private valuation was but we do know the venture arm of Salesforce and well known VC Insight Partners own significant slices of the company; they are growing fast with revenue up 50% from Q1 2019 to Q1 2020; nCino is expected to go public next week. Techcrunch.
