Cloud-focused Digital Banking company, Alkami Technology, Inc. launched its IPO on Wednesday 14th, April 2021 and was expected to close on April 16th. The common stock of Alkami is traded on the Nasdaq Global Select Market under the ticker symbol ALKT.
Alkami IPO Details
In a recent press release, the banking software company announced an IPO of 6,000,000 shares of its common stock at $30 per share. Alkami also offered its underwriters a 30-day option to purchase an additional 900,000 shares at IPO price. The gross proceeds from this IPO were expected to be around $180 million. However, on April 14th, the shares of Alkami soared at $41.26 per share which was approximately 38% above the initial price. The market capitalization also rose to $3.43 billion.
Goldman Sachs & Co. L...
