July 14. A Wilmington fintech company’s IPO has priced out at at least $250 million. nCino, a leading global provider of cloud-based software for financial institutions, offered 8 million shares at $31 a share.

At 1:30 pm today, shares were trading in the $80 range under the ticker symbol NCNO. The offering is expected to close on July 16, subject to customary closing conditions.

nCino’s Bank Operating System improves employee efficiency while enhancing the customer experience for onboarding, loans and deposits across all lines of business.

The $31 price was above its proposed price range of $28 to $29.  The offering included 435,000 more shares than initially planned. The company was valued at around $3 billion.

There were seven banks underwriting the deal, led by BofA and Barclays.

The company said it transforms “how financial institutions operate through innovation, reputation and speed.” It has worked with more than 1,100 financial institutions globally whose assets range in size from $30 million to $2 trillion. It is one of the 2019 Forbes Cloud 100 and was named the best fintech to work for by American Banker.

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.