Ncino gains on speculation of potential takeover interest
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- nCino Inc. (NASDAQ:NCNO) rose 4% after a report that cloud-based software company is being discussed as a takeover target.
- A mystery buyer is said to be "circling" nCino with the possibility of initiating a a takeover offer, according the a Betaville report. The identify of the suitor wasn't known.
- nCino in November agreed to acquire SimpleNexus in a stock and cash transaction valued at ~$1.2B.