Finally, one of the most hotly anticipated market debuts is not a special purpose acquisition company (SPAC), but rather a traditional honest-to-goodness initial public offering (IPO). Alkami Technology, a cloud-based Software as a Service (Saas) platform focused on delivering digital banking solutions to its clients, is receiving significant investor interest and could very well make good on the hype.
According to the company’s filing with the Securities and Exchange Commission, Alkami Technology plans to sell six million shares, priced between $26 and $28 a pop. Previously, management disclosed intentions to sell shares at a range between $22 to $25, demonstrating a significant uptick in demand. Shares will be listed on the Nasdaq exchange under the ticker symbol ALKT.
Alkami Technology is entering the IPO space at the right time. Though initially disrupted by the novel coronavirus pandemic, the trailing year has proven very lucrative