by Allison Bell March 29, 2021 at 11:26
AM
What You Need to
Know
o
Shares trade on Nasdaq under the symbol ALHC.
o
The company generated $959 million in revenue in 2020.
o
The company now has a market cap, or theoretical total stock
value, of $3.3 billion.
Alignment Healthcare Inc.,
a Medicare Advantage plan provider, went public Friday with an initial public
offering that raised about $500 million.
The IPO gave the company as a whole a total market
capitalization value, or total stock value, of about $3.3 billion. Shares trade
on Nasdaq under the symbol ALHC.
Alignment Healthcare is an Orange, California-based
carrier with about 81,500 Medicare Advantage plan enrollees in California,
Nevada and North Carolina.
The company reported a net loss for 2020 on $959
million in revenue.
The company says it works with brokers and pays sales
commissions.
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