 ORANGE, Calif., March 30, 2021 GLOBE NEWSWIRE -- Alignment Healthcare, Inc. Alignment Healthcare or the Company Nasdaq: ALHC, a mission-based, tech-enabled Medicare Advantage company, today announced the closing of its initial public offering of 27,200,000 shares of its common stock at 18.00 per share, including 5,500,000 shares of common stock sold by certain existing stockholders. The gross proceeds to the Company, before deducting underwriting discounts and commissions and offering expenses, were approximately 390.6 million. The existing stockholders have granted to the underwriters a 30-day option to purchase up to an additional 4,080,000 shares of common stock at the initial public offering price, less underwriting discounts and commissions. The Companys shares are listed on the Nasdaq Global Select Market under the symbol ALHC. 