Alignment Healthcare Inc, a senior healthcare company, has filed Amendment No 1 to Form S-1 Registration Statement on March 18, 2021 with the U.S. Securities and Exchange Commission to announce terms for its IPO.
The company plans to raise $490 million by offering 27.2 million shares at a price range of $17 to $19. Assuming a successful IPO at the midpoint of the proposed price, the company expects a market capitalization of $3.4 billion.
The company’s proprietary technology platform, AVA, was designed specifically for senior care and provides end-to-end coordination of the healthcare ecosystem. AVA’s full suite of tools and services is built within a unified data architecture.
The Orange, California-based company was founded in 2013 and booked $959 million in sales for the 12 months ended December 31, 2020. It plans to list on the Nasdaq Global Select Market under the symbol “ALHC.” Goldman Sachs, Morgan Stanley, J.P. Morgan, BofA Securities, William Blair, UBS Investment Bank, Piper Sandler, and Raymond James are underwriters of the IPO.
The company engages Paul, Weiss, Rifkind, Wharton & Garrison LLP as US Securities Counsel, and Deloitte & Touche LLP as Independent Auditor.
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