Press Release

MediaAlpha Files Registration Statement for Initial Public Offering

10/05/2020,

5:30PM

LOS ANGELES–(BUSINESS WIRE)–MediaAlpha, Inc. (“MediaAlpha”) today announced that it publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (“SEC”) relating to a proposed initial public offering of its Class A common stock. MediaAlpha has applied to list its Class A common stock on the New York Stock Exchange under the ticker symbol “MAX”.

A portion of the shares will be issued and sold by MediaAlpha and a portion will be sold by an affiliate of White Mountains (NYSE: WTM), as the selling stockholder. Insignia Capital Group will also be selling a portion of its equity interests in the MediaAlpha business in connection with the transactions. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

J.P. Morgan, Citigroup, Credit Suisse, and RBC Capital Markets are acting as joint bookrunners. Canaccord Genuity and William Blair are acting as bookrunners. MUFG is acting as a co-manager.

The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus, when available, may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by email at prospectus-eq_fi@jpmorgan.com or by telephone at (866) 803-9204; or Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (800) 831-9146.

A registration statement on Form S-1 relating to the proposed sale of these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.

Contacts

Investors
Denise Garcia
Hayflower Partners
Denise@HayflowerPartners.com

Press
SHIFT
MediaAlpha@SHIFTComm.com

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