Blackstone preps for possible $7B benefits IPO
December 7, 2018- Share:
Human Capital Services | Lincolnshire, IL
Blackstone has hired a trio of banks to underwrite an initial public offering for Alight Solutions that could value the healthcare benefits manager at upward of $7 billion, according to Reuters. The firm reportedly plans to raise between $500 million and $750 million in the offering, which could occur in 1H 2019. Blackstone acquired Alight from insurance business Aon in May 2017 for $4.8 billion.
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