Wilmington-based nCino shares soar 154% in trading debut

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nCino on the NASDAQ screen on July 14, 2020.(Photo: NASDAQ)

WILMINGTON, NC (WWAY) — Wilmington-based company nCino made a big splash on Wall Street Tuesday.

William Holt, an nCino employee, says it was exciting to see his photo with his son on the NASDAQ screen on July 14, 2020. (Photo: William Holt)

The shares of the cloud-based software provider for financial institutions soared 154% in it’s trading debut.

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The company sold more than 8 million shares to raise nearly a quarter of a billion dollars.

The company displayed photos of employees on the NASDAQ screen, located in Times Square in New York City.