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Agilon Health Sets IPO Pricing Range

Long Beach-based Agilon Health, which operates a network of physicians focused on Medicare patients, has set its IPO pricing range, saying it hopes to sell 46,600,000 shares of its common stock at between $20.00 and $23.00 per share. The company's IPO could raise as much as $1.232 billion for the company. The company has applied to list on the NYSE under the symbol AGL. The IPO is being underwritten by J.P. Morgan, Goldman Sachs & Co. LLC, BofA Securities, Deutsche Bank Securities, Wells Fargo Securities, William Blair, Truist Securities, and Nomura. The company's biggest shareholders are CD&R Vector Holdings, along with Morgan Stanley and Capital World. Agilon Health says it has created a way for physicians to create their own Medicare-centric practices focused on delivering care to seniors; the company currently offers up access to physicians in 17 local communities.