On April 5, Plano-based Alkami Technology Inc., a leading cloud-based digital banking solutions provider for U.S.-based financial institutions, announced the launch of its initial public offering of 6 million shares of its common stock. The Alkami Platform is the digital banking platform of choice for 151 financial institutions, representing nearly 9.7 million of its clients’ consumers and businesses.
The underwriters of the offering will also have a 30-day option to purchase up to 900,000 additional shares of common stock from Alkami at the initial public offering price, less underwriting discounts and commissions. The initial public offering price is currently expected to be between $22 and $25 per share. The company plans to list the common shares on the Nasdaq Global Select Market under the ticker symbol ALKT.
Goldman Sachs & Co. LLC, J.P. Morgan and Barclays will act as joint lead book-running managers for the offering. Citigroup and William Blair will also be book-running managers, and JMP Securities, KeyBanc Capital Markets and Needham & Co. will act as co-managers.
