A few weeks ago nCino filed their initial S1 with the SEC. They’ve since updated that filing to include an expected price range ($22 - $24). In a standard IPO process each company will now kick off their roadshow and spend roughly 10 days traveling the country (and sometimes the world) meeting with large institutional investors (mutual funds and hedge funds) to pitch them on why they should invest in their business at the IPO with a goal of trading on the open market by next Friday (7/17). One thing to keep in mind - most SaaS businesses end up raising the initial price range (>70% of companies have provided a revised, increased range at some point on their roadshow).
Looks like they’re doing what you said in your previous write-up and setting the price range low on purpose to generate demand. Will be interesting to see what the final IPO price will be and if they’ll get that IPO POP on day 1.
1.if they have any direct competitors for their offerings ?
2. what about cross selling to exiting clients?
3. DBNER value ?
4. also, their dependancy on salesforce on which they build their software stack ,api's etc (what it means in long term?,VEEVA has similar dependancy on salesforce and if I'm not wrong they are trying to pivot awat from that dependancy.,could be wrong)
Looks like they’re doing what you said in your previous write-up and setting the price range low on purpose to generate demand. Will be interesting to see what the final IPO price will be and if they’ll get that IPO POP on day 1.
Thanks for the article Jamin,would like to know
1.if they have any direct competitors for their offerings ?
2. what about cross selling to exiting clients?
3. DBNER value ?
4. also, their dependancy on salesforce on which they build their software stack ,api's etc (what it means in long term?,VEEVA has similar dependancy on salesforce and if I'm not wrong they are trying to pivot awat from that dependancy.,could be wrong)