Tech Company Inital Public Offerings
MediaAlpha IPO
MediaAlpha was acquired by . Shares became public on 10/28/2020.
Transaction Overview
Company Name
Announced On
10/28/2020
Transaction Type
IPO
Amount
$175,750,000
Proceeds Purpose
We intend to [i] contribute $70.8 million of the net proceeds to the Company from the sale of shares of Class A common stock in this offering to Intermediate Holdco for Intermediate Holdco to purchase Class B-1 units of QL Holdings LLC from the Selling Class B-1 Unit Holders (which Class B-1 units will be converted into Class A-1 units of QL Holdings LLC) to provide liquidity to such Selling Class B-1 Unit Holders and [ii] contribute $24.0 million of the net proceeds to the Company from the sale of shares of Class A common stock in this offering to Intermediate Holdco for further contribution to QL Holdings LLC, and in turn to QuoteLab, LLC, which will be used, together with cash on hand, to repay outstanding borrowings under the 2020 Credit Facilities. We intend to contribute remaining net proceeds, if any, to the Company from the sale of shares of Class A common stock in this offering to Intermediate Holdco for further contribution to QL Holdings LLC to use for working capital, capit
Company Information
Company Status
Publicly-held
Industry
Digital Media & VR & AR
Mailing Address
700 South Flower St. 640
Los Angeles, CA 90017
USA
Los Angeles, CA 90017
USA
Phone
Undisclosed
Website
Email Address
Overview
MediaAlpha (NYSE: MAX). Our vision is to change the status quo by building technology that profoundly disrupts this old way of doing business and empowers participants to transact through an open, programmatic ecosystem. Since our inception, our technology platform has been utilized by over 300 partners to revolutionize how they buy and sell vertical search media.
Management Team
Title
Name
Email & Social
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