ORCL - IPO Update: Alight Proposes Terms For $752 Million IPO
Quick Take
Alight (ALIT) intends to raise $752 million from the sale of its Class A shares in an IPO, per an amended registration statement.
The firm develops and provides cloud-based human capital management and benefits administration software.
ALIT is growing only moderately and has a heavy debt load typical of private equity-owned IPOs.
Company & Technology
Lincolnshire, Illinois-based Alight was founded to help companies manage their employee health, financial, and HR needs.
Management is headed by CEO and Director Christopher A. Michalak, who has been with the firm since was