Alkami Technology $155.9 million secondary offering
The shares are listed on the Nasdaq Global Select Market
Davis Polk advised the underwriter in connection with the $155.9 million offering of 5,000,000 shares of common stock of Alkami Technology, Inc., sold by entities affiliated with General Atlantic, S3 Ventures Fund III, L.P., George B. Kaiser and Brian R. Smith. The common stock is listed on the Nasdaq Global Select Market under the symbol “ALKT.”
Alkami is a leading cloud-based digital banking solutions provider for financial institutions in the United States that enables clients to grow confidently, adapt quickly and build thriving digital communities. Alkami helps clients transform through retail and commercial banking, digital account opening, and data and marketing solutions. Alkami is headquartered in Plano, Texas.
The Davis Polk capital markets team included partner Alan F. Denenberg and associates Elsie Cheang, Karen Yang and Erica F. Buonanno. Counsel Yixuan Long and associates Dov Sussman and Ryan Powers provided tax advice. The intellectual property team included partner Pritesh P. Shah and associate Shreya R. Kundur. Counsel Marcie A. Goldstein provided FINRA advice. Members of the Davis Polk team are based in the Northern California and New York offices.