Banking software firm Alkami valued at more than US$3 bil in US market debut

Banking software firm Alkami valued at more than US$3 bil in US market debut

The Edge Markets - World·2021-04-15 05:04

BENGALURU (April 14): Shares of Alkami Technology Inc surged 38% in their US stock market debut on Wednesday, giving the US banking software provider a market capitalisation of US$3.43 billion.

Shares opened at US$41.26, well above their initial public offering price (IPO) of US$30. The company raised US$180 million in the IPO.

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