Ncino gains on speculation of potential takeover interest
Mar. 08, 2022 3:44 PM ETnCino, Inc. (NCNO)By: Joshua Fineman, SA News Editor7 Comments
- 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.