Alkami Technology Inc. /zigman2/quotes/225927327/composite ALKT -6.08% disclosed Monday that the expected pricing of its initial public offering has increased to between $26 and $28 a share from between $22 and $25 a share. With the Texas-based cloud-based digital banking company expected to offer 6 million shares in the IPO, the company could now raise up to $168.0 million. And with 83.14 million shares expected to be outstanding after the IPO, the expecting pricing could now value the company at up to $2.33 billion. The stock is expected to list on the Nasdaq under the ticker symbol "ALKT." Goldman Sachs, J.P. Morgan and Barclays are the lead underwriters. The company recorded a net loss of $56.6 million on revenue of $112.1 million in 2020 after a loss of $43.1 million on revenue of $73.5 million in 2019. The company is looking to go public at a time that the Renaissance IPO ETF /zigman2/quotes/207665280/composite IPO -1.41% has dropped 6.9% over the past three months while the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.82% has gained 8.6%.