Alkami Technology, Inc. (“Alkami”), a leading cloud-based digital banking solutions provider for U.S.-based financial institutions, announced today the pricing of its initial public offering of 6,000,000 shares of its common stock at a public offering price of $30 per share.
All of the shares of common stock are being offered by Alkami. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Alkami, are expected to be approximately $180 million. Alkami’s common stock is expected to begin trading on The Nasdaq Global Select Market on April 14, 2021, under the ticker symbol “ALKT.” The offering is expected to close on April 16, 2021, subject to the satisfaction of customary closing conditions. In addition, Alkami has granted the underwriters a 30-day option to purchase up to an additional 900,000 shares of common stock at the initial public offering price, less the underwriting discounts and commissions.
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.
Registration statements relating to the shares being sold in this offering were filed with the Securities and Exchange Commission and became effective on April 13, 2021.