Alight $476 million secondary offering
The stock is listed on the NYSE
Davis Polk advised the representatives of the several underwriters in connection with an SEC-registered offering of 52,900,000 shares of Class A common stock of Alight, Inc. by certain selling stockholders, including 6,900,000 shares purchased pursuant to the full exercise of the underwriters’ option to purchase additional shares, resulting in gross proceeds to the selling stockholders of approximately $476 million. The Class A common stock is listed on the New York Stock Exchange under the symbol “ALIT.”
Alight is a leading cloud-based provider of integrated digital human capital and business solutions. The Alight Worklife employee engagement platform provides a seamless customer experience by combining content, plus artificial intelligence and data analytics to enable Alight’s business process as a service model. Alight became a publicly traded company in 2021 through a de-SPAC business combination with Foley Trasimene Acquisition Corp.
The Davis Polk capital markets team included partner Derek Dostal, counsel Joseph S. Payne and associate Xi (Brooke) Zheng. Partner Pritesh P. Shah and associate S. Dream Montgomery provided intellectual property advice. Partner Patrick E. Sigmon and associate Ted Lee provided tax advice. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.