Davis Polk advised the underwriters in connection with an initial public offering of 27,200,000 shares of common stock of Alignment Healthcare Inc. at $18.00 per share, for total gross proceeds of $489.6 million. Alignment Healthcare’s common stock is traded on the Nasdaq Global Select Market under the symbol “ALHC.”
Alignment Healthcare is a consumer-centric platform delivering customized healthcare in the United States to seniors and those who need it most, the chronically ill and frail, through its Medicare Advantage plans. Alignment Healthcare provides partners and patients with customized care and service where they need it and when they need it, including clinical coordination, risk management and technology facilitation. Alignment Healthcare offers health plan options through Alignment Health Plan and also partners with select health plans to help deliver better benefits at lower costs.
The Davis Polk corporate team included partners Byron B. Rooney and Pedro J. Bermeo and associates Daniel Chao, Prince Kudolo and Joshua B. Pittell. Counsel Kiara L. Rankin and associate Ben Levenback provided tax advice. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.