Alkami Technology (ALKT) IPO Opens 37% Higher

April 14, 2021 11:29 AM EDT

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Today's IPO for Alkami Technology (NASDAQ: ALKT) opened for trading at $41 after pricing 6,000,000 shares of its common stock at a public offering price of $30 per share.

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 & Company will act as co-managers.

Alkami Technology, Inc. is a leading cloud-based digital banking solutions provider for financial institutions in the United States that enables clients to grow confidently, adapt quickly and build thriving digital communities poised for growth. 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. Alkami's investments have resulted in a premium platform that has enabled it to replace older, larger and better-funded incumbents and provide clients with world-class experiences reflecting their individual digital strategies.

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