MediaAlpha $59.6 million secondary offering
The stock is listed on the New York Stock Exchange
Davis Polk advised the underwriter in connection with the $59.6 million secondary offering of 3,000,000 shares of Class A common stock of MediaAlpha, Inc. by Insignia QL Holdings, LLC, Insignia A QL Holdings, LLC and Keith Cramer. The common stock is listed on the NYSE under the symbol “MAX.”
MediaAlpha, headquartered in Los Angeles, California, helps insurance carriers and distributors target and acquire customers more efficiently and at greater scale through technology and data science. MediaAlpha’s technology platform brings leading insurance carriers and high-intent consumers together through a real-time, programmatic, transparent and results-driven ecosystem.
The Davis Polk capital markets team included partners Roshni Banker Cariello and Byron B. Rooney and associates Moses Farzan Nekou and Ryan Mainous. The tax team included counsel Ethan R. Goldman and associates Yueyu Yang and Alex Ang Gao. Partner Matthew J. Bacal and associates Brette L. Trost and Gabrielle Mazero provided intellectual property advice. All members of the Davis Polk deal team are based in the New York office.