ALKT News

The IPO market revved back to life with nine IPOs raising $5.4 billion, joined by crypto exchange Coinbase’s direct listing. SPAC activity continued to decline, with just two raising $700 million. Pipeline activity held steady, with 10 IPOs, six SPACs, and one direct listing submitting initial filings. The first major direct listing on the Nasdaq, ...read more

Alkami Technology, which provides an online banking SaaS platform to regional banks, raised $180 million by offering 6 million shares at $30, above the upwardly revised range of $26 to $28. The company had originally filed to offer the same number of shares at a range of $22 to $25. At pricing, the company commands a fully diluted market value of $2.9 billion. Alkami states...read more

Alkami Technology, which provides an online banking SaaS platform to regional banks, raised the proposed deal size for its upcoming IPO on Monday. The Plano, TX-based company now plans to raise $162 million by offering 6 million shares at a price range of $26 to $28. The company had previously filed to offer 6 million shares at a range of $22 to $25. At the midpoint of the...read more

Five IPOs are scheduled to raise $4.5 billion in the week ahead, joined by Coinbase’s widely anticipated direct listing. Digital banking platform Coinbase (COIN) will be the Nasdaq’s first major direct listing, with an estimated market value at listing of more than $50 billion. The company operates a platform that allows individuals and...read more