Alkami Technology’s Successful IPO Raises $180M in Gross Proceeds at $30/Share
December 30, 2022
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Alkami Technology ($NASDAQ:ALKT), a cloud-based digital banking software provider, completed its successful Initial Public Offering (IPO) in April 2021 and raised around $180 million in gross proceeds, with the share price set at $30.00. The company develops and provides an open-architecture digital banking platform and related software applications. Alkami’s platform is used by financial institutions to deliver modern digital banking experiences to their customers, including mobile and online banking, bill pay, transfers, and more. The recent IPO has seen the company’s shares soar to new heights, with the stock trading at more than double the original offer price. This has been largely attributed to the increasing demand for digital banking services due to the pandemic.
Alkami Technology has grown significantly in recent years, and the IPO has further strengthened their position in the market. The company has also announced plans to use the proceeds of the IPO to support their strategic objectives, including investing in new product development and expanding their sales efforts. This successful IPO is a testament to Alkami Technology’s strength in the digital banking market and their commitment to providing modern banking experiences to their customers. With this strong showing on the stock market, Alkami Technology is well-positioned for future growth and success.
Share Price
The news of Alkami Technology‘s successful initial public offering (IPO) has been met with mixed reactions in the media. On Tuesday, the company’s stock opened at $13.5 and closed at $13.2, down by 3.3% from its prior closing price of 13.6. This caused many to question the success of the IPO, which had raised a gross total of $180M at a share price of $30. Despite the negative sentiment, the success of Alkami Technology’s IPO cannot be denied. The IPO has generated significant capital for the company and its investors, which will allow them to continue investing in various projects and initiatives that can further expand their reach and capabilities.
Additionally, their stock price is still relatively high compared to pre-IPO trading prices, which shows that the company has the potential to maintain its high value in the future. Moreover, Alkami Technology has made a name for itself in the industry with its impressive portfolio of products and services. Their innovative technology solutions have allowed them to become a leading player in the market, and their IPO has only further solidified their position within the industry. Overall, Alkami Technology’s success in the IPO market is remarkable, and it speaks volumes about their potential for success in the future. Investors may be wary of their stock at the moment, but its current price does not accurately reflect the company’s long-term potential. With their impressive portfolio of products and services, Alkami Technology is poised to become a major player in the global technology industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Alkami Technology. More…
| Total Revenues | Net Income | Net Margin |
| 191.17 | -67.04 | -34.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Alkami Technology. More…
| Operations | Investing | Financing |
| -36.2 | -249.23 | 68.28 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Alkami Technology. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 485.29 | 157.41 | 3.58 |
Key Ratios Snapshot
Some of the financial key ratios for Alkami Technology are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | -33.6% |
| FCF Margin | ROE | ROA |
| -21.7% | -12.1% | -8.3% |
VI Analysis
ALKAMI TECHNOLOGY’s fundamentals are an important indicator of its long term potential. With the help of VI app, analyzing these fundamentals and making an informed investment decision is simple. According to the app’s Risk Rating, ALKAMI TECHNOLOGY is a medium risk investment in terms of both financial and business aspects. The app has also detected one risk warning in the company’s cashflow statement, though further details are only available to registered users. Overall, ALKAMI TECHNOLOGY’s financial health and business prospects are in line with most companies of its size and industry. Investors should conduct further research and due diligence before investing, including assessing the company’s competitive advantage, management team, legal risks and other such factors. More…
VI Peers
Its competitors include MoneyLion Inc, AppTech Payments Corp, and Temenos AG. Alkami Technology Inc has a strong market presence and offers a comprehensive suite of digital banking solutions. Its products are well-received by customers and its services are highly competitive.
– MoneyLion Inc ($NYSE:ML)
MoneyLion Inc is a financial technology company that offers a mobile app and a platform that provides its users with access to financial products and services. The company has a market cap of 252.47M as of 2022 and a return on equity of -14.08%. MoneyLion’s products and services include a mobile app, a personal finance management tool, a credit builder product, and a lending product. The company was founded in 2013 and is headquartered in New York, NY.
– AppTech Payments Corp ($NASDAQ:APCX)
AppTech Payments Corp is a provider of payment processing solutions. The company offers a range of services, including online payment processing, mobile payment processing, and point-of-sale payment processing. AppTech Payments Corp has a market cap of 13.55M as of 2022, a Return on Equity of -88.5%. The company’s primary focus is on small and medium-sized businesses, providing them with the tools and services they need to streamline their payment processing. AppTech Payments Corp is headquartered in Atlanta, Georgia.
– Temenos AG ($LTS:0QOA)
Temenos AG is a leading provider of banking software. The company has a market cap of 4.07B as of 2022 and a return on equity of 27.62%. Temenos is headquartered in Geneva, Switzerland and has a strong global presence with over 3,000 customers in over 150 countries. The company’s software helps banks drive digital transformation and deliver superior customer experiences.
Summary
Alkami Technology recently made their successful Initial Public Offering (IPO) raising $180 million in gross proceeds at $30 per share. However, the stock price declined shortly after the IPO, possibly due to negative media sentiment. Overall, investing in Alkami Technology may be a risky move, as the stock’s performance is sensitive to market sentiment and could continue to fluctuate in the near future. Investors should consider the company’s financials and long-term outlook before making any decisions.
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