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 story : Alkami Technology expected IPO pricing increases, raising company's value to up to .3 billion #FinanceUSA #StockMarketNEWS Alkami Technology Inc. disclosed Monday that the expected pricing of its

@stockMarketNEWS Tue 13 Apr, 2021

Posted in: #FinanceUSA #StockMarketNEWS

Alkami Technology expected IPO pricing increases, raising company's value to up to .3 billion #FinanceUSA #StockMarketNEWS
Alkami Technology Inc. disclosed Monday that the expected pricing of its initial public offering has increased to between and a share from between and a share. With the Texas-based cloud-based digital banking company expected to offer 6 million shares in the IPO, the company could now raise up to 8.0 million. And with 83.14 million shares expected to be outstanding after the IPO, the expecting pricing could now value the company at up to .33 billion. The stock is expected to list on the Nasdaq under the ticker symbol "ALKT." Goldman Sachs, J.P. Morgan and Barclays are the lead underwriters. The company recorded a net loss of .6 million on revenue of 2.1 million in 2020 after a loss of .1 million on revenue of .5 million in 2019. The company is looking to go public at a time that the Renaissance IPO ETF has dropped 6.9% over the past three months while the S&P 500 has gained 8.6%.


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