MediaAlpha Announces Pricing of Secondary Offering by White Mountains Insurance Group and Insignia Capital Group
MediaAlpha, Inc. Class A (MAX)
Company Research
Source: GlobeNewswire
LOS ANGELES, May 07, 2024 (GLOBE NEWSWIRE) -- MediaAlpha, Inc. (“MediaAlpha”) (NYSE: MAX) today announced the pricing of the previously announced underwritten secondary public offering of 6,600,000 shares of its Class A common stock by certain selling stockholders affiliated with White Mountains Insurance Group and Insignia Capital Group (the “Selling Stockholders”) at an offering price of $19.00 per share (before discounts and commissions). The offering is expected to close on May 10, 2024 subject to customary closing conditions. The Selling Stockholders have also granted the underwriters a 30-day option to purchase up to an additional 990,000 shares of common stock at the offering price, less underwriting discounts and commissions. MediaAlpha is not offering any shares of its common stock in the offering and will not receive any proceeds from the offering. J.P. Morgan and Goldman Sachs & Co. LLC are acting as joint bookrunners and representatives for the offering. BofA Securitie
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MAX
News
- MediaAlpha, Inc. (NYSE: MAX) had its price target raised by analysts at Royal Bank of Canada from $18.00 to $23.00. They now have an "outperform" rating on the stock.MarketBeat
- MediaAlpha, Inc. (NYSE: MAX) had its "outperform" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $25.00 price target on the stock, up previously from $19.00.MarketBeat
- MediaAlpha Closes Secondary Offering [Yahoo! Finance]Yahoo! Finance
- MediaAlpha Announces Closing of Secondary Offering by White Mountains Insurance Group and Insignia Capital GroupGlobeNewswire
- Shareholders May Be Wary Of Increasing MediaAlpha, Inc.'s (NYSE:MAX) CEO Compensation Package [Yahoo! Finance]Yahoo! Finance
MAX
Earnings
- 5/1/24 - Beat
MAX
Sec Filings
- 5/20/24 - Form 4
- 5/20/24 - Form 4
- 5/20/24 - Form 4
- MAX's page on the SEC website