By WECT Staff | July 16, 2020 at 7:50 AM EDT – Updated July 16 at 7:50 AM
WILMINGTON, N.C. (WECT) – A local tech company has made one of the biggest splashes on the stock market seen this millennium.
nCino, which is headquartered right here in Wilmington, has soared to 195% on its debut — making it the biggest IPO pop for a U.S. tech company since 2000, according to Renaissance Capital.
Including foreign tech issuers since 2000, nCino places second only to a company in China, Baidu, which popped 354% in 2005.
nCino provides cloud-based software for financial institutions.
Copyright 2020 WECT. All rights reserved.