Shares of nCino are up 3.5% to $26.35 in Friday afternoon trading after Reuters’ Milana Vinn and David French reported that the cloud banking vendor is exploring its options, including a potential sale, after attracting takeover interest from private equity firms. The board of directors of nCino has been in talks about forming a special committee to review the expressions of interest in a deal and decide on its next steps, sources told Reuters.
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