Alignment Healthcare Sets IPO at 27.2 Million Shares

Alignment Healthcare Sets IPO at 27.2 Million Shares

Alignment Healthcare, which provides Medicare Advantage plans to seniors, announced terms for its IPO on Thursday. The Orange, CA-based company plans to raise $490 million by offering 27.2 million shares (20% insider) at a price range of $17 to $19. At the midpoint of...
Blackstone closes inaugural growth equity fund at $4.5bn

Blackstone closes inaugural growth equity fund at $4.5bn

Blackstone Group Inc, the world’s largest manager of alternative assets such as private equity and real estate, said on Friday it closed Blackstone Growth, its inaugural growth equity fund, at $4.5 billion.  Blackstone said the fund was oversubscribed, with...