Alkami Stock is Coming After IPO Announcement
Alkami stock is coming to the Nasdaq after the innovative fintech provider’s IPO announcement on April 5, 2021. This is great news for investors who have kept a close watch on this industry leader in digital banking. However, what can you expect from an Alkami IPO?
Alkami Stock Potential and IPO Breakdown
Alkami Technology is a cloud-based company that provides digital banking solutions for its clients. The company was founded in 2011 and is currently headquartered in Plano, Texas.
In fact, it’s more than 150 clients have over 9.7 million customers using Alkami’s platform. And this alone has caught the attention of investors and the industry at-large.
Now, you will have to the chance to invest in Alkami stock with an initial public offering on the way. According to the company’s press release, the IPO price is expected to be between $22 and $25 a share.
The Alkami IPO includes six million shares of its common stock. Moreover, underwriters will have a 30-day option to purchase up to an additional 900,000 shares at the IPO price.
This will put Alkami’s valuation around $2 billion. The market cap will be $1.8 billion if underwriters choose not to exercise their overallotment options or $2.1 billion if they do.
Lastly, Alkami stock will list on the Nasdaq under the ticker “ALKT.” You can take a closer look at the company’s revised S-1 filing with the U.S. Securities and Exchange Commission (SEC) here.
Alkami Technology History
You may not have heard of Alkami Technology until the IPO announcement. However, this company is a massive player in fintech software and this valuation proves it.
Specifically, Alkami is working to “reshape the modern banking landscape by delivering bold and innovative digital capabilities to U.S. banks and credit unions.” And its client base is growing quickly. The company has another 1.5 million customers in the process of joining their platform.
The Alkami platform is a complete digital banking service. This includes user onboarding, engagement and account services.
Clients can personalize the platform to meet the needs of their users with easy-to-use business intelligence dashboards. In addition, it’s fully hosted on Amazon Web Services’ (AWS) cloud environment.
Pre-IPO, its investors included General Capital and D1 Capital. Now you will be able to invest in Alkami stock in the near future. There is no official date in place for the IPO at this time. But investors are excited about the company’s potential on the market.
Investing in Fintech Companies
Fintech is a popular sector to invest in. Tech stocks, in general, have grabbed a lot of attention over the past few years. This is mainly due to recent innovations and growth within a wide range of industries.
Technology is advancing across various fields at rates we have never seen before. And that is why it’s important to stay ahead of the trends as an investor. For the latest trending stock news and analysis, sign up for the Profit Trends e-letter below. This daily newsletter will give you insights into a wide range of investment opportunities that are growing in popularity.
The upcoming Alkami IPO will continue to grab a lot of attention over the coming months. One thing is for sure, you will want to keep a close eye on Alkami stock once it hits the market.