Blackstone Group (NYSE:BX) is preparing an initial public offering of Alight Solutions, a provider of healthcare and retirement benefits services that could be valued at more than $7B including debt, Reuters reports, citing people familiar with the matter.
The IPO could raise $500M-$750M, said one source, and could be launched in H1 2019, according to four people.
BX would also consider acquisition offers for Alight.
Blackstone bought Alight from insurance company Aon Plc almost two years ago.
Previously: Blackstone's Schwarzman sees `reasonably good' 2019 (Dec. 5)
Previously: Reuters: Blackstone looking to sell Gulf of Mexico oil exploration venture (Nov. 7)
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