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Blackstone-backed Alight files for an estimated $750 million IPO

February 14, 2019

Alight, a Blackstone-backed provider of outsourced cloud-based HR services, filed on Thursday with the SEC to raise up to and estimated $750 million in an initial public offering.

The Lincolnshire, IL-based company was founded in 1940 and booked $2.4 billion in revenue 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.