|
THREE THINGS
⓵ IPO: Plano-based Alkami Technology is now Nasdaq listed (ALKT). The fintech’s shares posted a strong first-day performance in its U.S. market debut today, Barrons reports. The stock opened at $41.26 and peaked at $49.32, a surge of more than 43 percent from its $30 IPO pricing. The company, founded in 2009, provides a cloud-based digital banking platform and aims to level the playing field between small banks and large financial institutions. “Ultimately, everyone will go to electronic delivery of financial services,” predicted Stephen Bohanon, the founder (above) who oversees Alkami’s product direction, strategy, and sales efforts, in 2019 at Venture Dallas. The startup at the time was considered to be “under the radar.”
⓶ GROWTH TRACK: One of Dallas’ fastest-growing small businesses is joining a publicly traded company. Dallas Mechanical Group, founded in 2009, was acquired earlier this month by EMCOR Group. CEO Joe Smith and President John Smith, who are brothers and co-founders, have a goal to triple the company’s size in the next 10 years, which would put DMG revenue at $200 to $250 million, the DBJ reports. The acquisition “wasn’t part of a big exit strategy so much as, ‘How can we continue to have the resources we need to keep the company growing and make it even bigger than it is now?’” Joe Smith said in the publication.
⓷ MEASURING IMPACT: Innovation can absolutely, positively be measured, writes Forbes. Four pros, including DFW Airport’s Jodie Brinkerhoff, weigh in on how to show the innovation engine is humming with “Jedi-level” metrics. The VP of innovation creates a comprehensive report covering who the team is working with, what projects are active, and how many ideas are in the pipeline, along with budget and impact details. Not every leader will read the report in depth, but “no one can say ‘I didn’t know you were doing that,’” Brinkerhoff says. For the full report on monitoring and measuring, go here.
To read more (and get our week's Top 10), head here.
|
