Credit: Shutterstock photoAlight, a Blackstone-backed provider of outsourced cloud-based human capital software, filed on Thursday with the SEC to raise up to and estimated $600 million in an initial public offering.
The Lincolnshire, IL-based company was founded in 2017 and booked $2.4 billion in sales for the 12 months ended September 30, 2018. It plans to list on the Nasdaq under the symbol ALIT. Alight filed confidentially on October 2, 2018. BofA Merrill Lynch, J.P. Morgan and Morgan Stanley are the joint bookrunners on the deal. No pricing terms were disclosed.
The article Blackstone-backed Alight files for an estimated $600 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
