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home / news releases / ALHC - Healthcare service platform Agilon Health prices 46.6M-share IPO at $23

ALHC - Healthcare service platform Agilon Health prices 46.6M-share IPO at $23

Alignment Healthcare Inc.
Agilon health (AGL) has priced its IPO of 46.6M common shares at $23.00, for expected gross proceeds of ~$1.07B.Underwriters' over-allotment is an additional ~7M shares.Trading kicks off April 15. J.P. Morgan, Goldman Sachs, BofA Securities are acting as lead book-running managers.Closing date is April 19.The firm provides a healthcare services platform for Medicare Advantage patients in U.S.At December 31, 2020, AGL had 131,000 members on its platform as compared to 28,900 at December 31, 2017, representing a CAGR of 65% over this period.Other healthcare services companies that recently went public are Alignment Healthcare (ALHC) in March and, Signify Health (SGFY) in February 2021.ALHC stock rallied 37% from its IPO price of $18. Yesterday's close was $24.66.SGFY closed at $24.26, is 9.4% higher from IPO price of $24.

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Healthcare service platform Agilon Health prices 46.6M-share IPO at $23
Stock Information
Company Name: Alignment Healthcare Inc.
Stock Symbol: ALHC
Market: NASDAQ
Website: alignmenthealthcare.com
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