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Alignment Healthcare Closes $549 Million Initial Public Offering
- Client News
- March 30, 2021
Paul, Weiss advised Alignment Healthcare, Inc. and certain selling stockholders in Alignment’s initial public offering of 30,514,216 shares of common stock, generating gross proceeds of $549 million for the company and certain selling stockholders. The shares are listed on the Nasdaq under the ticker symbol “ALHC.” The underwriters for the offering were led by Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC. Alignment Healthcare is a mission-based Medicare Advantage insurance company and a portfolio company of General Atlantic LLC.
The Paul, Weiss team included corporate partners Christopher Cummings, Neil Goldman and Matthew Abbott and counsel Christian Kurtz and Erika Detjen; tax partner Lindsay Parks; employee benefits partner Lawrence Witdorchic and counsel Reuven Falik; and antitrust counsel Yuni Sobel.