In the spring of 2000 , Amerigroup filed for an Initial Public Offering ( IPO ) with Deutsche Banc Alex Brown as lead underwriter . However , the stock market began to see declines and IPOs proved difficult to execute . In the summer of 2001 , with Banc of America Securities and UBS Warburg as the new underwriters , a September date was set for the public offering to take place . Amerigroup 's management was scheduled to be in New York 's World Trade Center on September 10 and 11 . However , by request from Bank of America , the IPO was moved to San Francisco for the morning of September 11 , 2001 . Following the September 11 attacks , Amerigroup discontinued the Public Offering , and stayed in registration for over a year . The IPO was complete on November 6 , 2001 , after submitting ten amendments since 2000 . Amerigroup debuted on November 6 , 2001 with 4.4 million shares of common stock ( NASDAQ : AMGP ) According to an article from '' Investor 's Business Daily , '' " The shares were priced at $ 17 , within the expected range of $ 17 to $ 19 Amerigroup jumped as high as $ 22.55 before closing up $ 3.90 at $ 20.90 , a 23 % gain . " Amerigroup netted $ 68.7 million from the IPO , most of which was earmarked for general corporate needs as well as further acquisitions . Amerigroup acquired MethodistCare Inc. in Houston , Texas , which resulted in another 18,000 members . By the end of 2001 the company had a membership base of 472,000 , 150,000 of those memberships being brought on directly from acquisitions . At the year-end , premiums reached $ 889.5 million and net revenue had grown by 31 % from the previous year
September 11 attacks
September 11 attacks
Jeff McWaters