Fast-growing Plano banking technology firm Alkami filed to go public Wednesday in an initial stock offering that could raise $250 million.
The company is still determining the number of shares it will sell and at what price, according to its filing with the U.S. Securities and Exchange Commission. IPO analysis firm Renaissance Capital expects Alkami to raise up to $250 million.
The IPO will likely put a $3 billion valuation on Alkami, according to Reuters, which cited people familiar with the deal. The company brought in $112 million in revenue last year, a nearly 150% increase over 2019, according to