Alkami Technology $207 million IPO
Davis Polk advised the representatives of the several underwriters in connection with the $207 million initial public offering of 6,900,000 shares of common stock of Alkami Technology, Inc. The shares include 900,000 shares sold by Alkami pursuant to the full exercise of the underwriters’ option to purchase additional shares. 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 poised for growth. Alkami is headquartered in Plano, Texas.
The Davis Polk corporate team included partner Alan F. Denenberg and associates Benson Richards and Sylvia Zaich. The intellectual property and technology transactions team included partner Pritesh P. Shah and associates Mikaela Dealissia and Chelsea Renter. The tax team included partner Mario J. Verdolini. Counsel Marcie A. Goldstein provided FINRA advice. Associate Brantley Hawkins provided 1940 Act advice. Members of the Davis Polk team are based in the Northern California and New York offices.