糖心视频

Shares of popped on the first day of trading, opening at $31 per share and, in a few hours, jumping more than 160 percent to as high as $83.01 before settling back down into the $76 to $78 per share range in late morning trading. At the close of the market, shares were at $78.65, but were trading above $90 in the after-hour market.

You might remember our coverage of filing for its initial public offering last month, and on Tuesday, the North Carolina-based company said it $249.86 million in its IPO.

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The company, which has developed a cloud-based operating system for financial institutions, priced 8.06 million shares at $31 per share鈥攔evised from a 鈥� for a fully diluted market cap of $3 billion, according to . BofA Securities and Barclays are acting as lead book-running managers for the offering. KeyBanc Capital Markets and SunTrust Robinson Humphrey are also acting as book-running managers for the offering, along with Piper Sandler, Raymond James and Macquarie Capital. Sidley Austin LLP represented as legal counsel.

Shares began trading Tuesday on The Nasdaq Global Select Market under the ticker symbol 鈥淣CNO.鈥�

Founded in 2012, nCino has raised in venture-backed funding to date, according to Crunchbase data. Its most recent raise was an $80 million venture round led by

The underwriters were granted a 30-day option to purchase up to 1.2 million additional shares, and the offering is expected to close on July 16.

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