Alight, a Blackstone-backed provider of outsourced cloud-based HR services, postponed its IPO on Thursday. It had filed to raise $752 million by offering 32 million shares at a price range of $22 to $25.
The Lincolnshire, IL-based company was founded in 1940 and booked $2.4 billion in sales for the 12 months ended December 31, 2018. It had planned to list on the Nasdaq under the symbol ALIT. BofA Merrill Lynch, J.P. Morgan, Morgan Stanley, Barclays, BMO Capital Markets, Citi, Credit Suisse, Deutsche Bank and Goldman Sachs were set to be the joint bookrunners on the deal.
