Alignment Healthcare, Inc.

Alignment Healthcare, Inc. (ALHC) priced its initial public offering on Mar 29, 2021 at $18.00 per share, within its $17.00–$19.00 range, raising $489.6M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $3.37B. Goldman Sachs was lead-left underwriter, joined by Morgan Stanley, J.P. Morgan and BofA Securities and others. Paul, Weiss advised the company and Davis Polk advised the underwriters.

Alignment Healthcare, Inc. was founded in 2013 with a mission of improving healthcare for seniors. It aims to give seniors an integrated, coordinated care and insurance experience at an affordable price, supported by data and technology and by backing for doctors.

Status

IPO

Ticker

ALHC

Exchange

Nasdaq Global Select

Priced

Mar 29, 2021

IPO price

$18.00

Price range

$17.00–$19.00

Raised

$489.6M

Market cap at IPO price

$3.37B

First filed

Mar 3, 2021

Underwriters

Goldman Sachs, Morgan Stanley, J.P. Morgan, BofA Securities, William Blair, UBS, Piper Sandler and Raymond James

Company counsel

Paul, Weiss

Underwriters' counsel

Davis Polk

Sector

Financials

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.