Banking On MA’s Bright Future, Alignment Joins IPO Trend

An earlier version of this story incorrectly said Alignment Healthcare, Inc. launched its initial public offering on March 18; it only established the pricing range and had not begun trading that day.

Orange, Calif.-based Alignment Healthcare, Inc. will soon become the third startup insurer in recent months to go public. Banking on the strong value proposition of Medicare Advantage, Alignment said it already has a “national expansion strategy” that it will put into action next year, but some experts question whether the measured growth the insurer has achieved primarily in California can be duplicated in other markets. The initial public offering is expected to be priced between $17 and $19 per share, according to a March 18 press release announcing the impending launch.

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