Alignment Healthcare Inc. (ALHC) Prices 27.2M Share IPO at $18/Sh

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Go back to Alignment Healthcare Inc. (ALHC) Prices 27.2M Share IPO at $18/Sh

Alignment Healthcare Announces Pricing of Initial Public Offering

March 25, 2021 10:00 PM EDT

ORANGE, Calif., March 25, 2021 (GLOBE NEWSWIRE) -- Alignment Healthcare, Inc. (Alignment Healthcare or the Company), a mission-based, tech-enabled Medicare Advantage company, today announced the pricing of its initial public offering of 27,200,000 shares of its common stock at $18.00 per share, including 5,500,000 shares of common stock to be sold by certain existing stockholders. As part of the offering, existing stockholders have granted to the underwriters a 30-day option to purchase up to an additional 4,080,000 shares of common stock at the initial public offering price, less underwriting discounts and commissions. The shares are expected to begin trading on the Nasdaq Global Select Market on March... More