|Bid||39.75 x 3000|
|Ask||39.91 x 800|
|Day's Range||38.25 - 41.30|
|52 Week Range||21.62 - 52.93|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
MediaAlpha, Inc. (NYSE: MAX), today announced that it will release financial results for the third quarter of 2020 on Thursday, December 10, 2020 after market close. The company will host a Q&A conference call to discuss these results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day.
MediaAlpha, Inc. (NYSE: MAX), today announced the closing of its initial public offering of shares of its Class A common stock. MediaAlpha sold 7,027,606 shares of its Class A common stock at a price of $19.00 per share, which included 769,104 shares of Class A common stock sold pursuant to the option granted to the underwriters by MediaAlpha, which was exercised in full prior to the closing. An affiliate of White Mountains (NYSE: WTM) sold 3,609,894 shares as the selling stockholder, which included 618,396 shares of Class A common stock sold pursuant to the option granted to the underwriters by the selling stockholder, which was exercised in full prior to the closing. Insignia Capital Group also sold a portion of its equity interests in the MediaAlpha business in connection with the transactions.
With all eyes on the (ROOT) IPO, another insurance technology company posted a strong first day. “I’m thrilled with the IPO and what it means for our team members,” MediaAlpha CEO Steve Yi said in an interview. JPMorgan Chase, (C)(CSGN) and RBC Capital Markets were underwriters on the deal.