MediaAlpha, Inc.’s Initial Public Offering of Class A Common Stock

Cravath represented MediaAlpha, Inc. and White Mountains Insurance Group Ltd, its largest shareholder, in connection with MediaAlpha, Inc.’s $202.1 million initial public offering of class A common stock. MediaAlpha, Inc. helps insurance carriers and distributors target and acquire customers more efficiently and at greater scale through technology and data science. The shares were listed on the New York Stock Exchange. The transaction closed on October 30, 2020.

The Cravath team was led by partner C. Daniel Haaren and included associates Winnie Ling, Sung Woong (Andrew) Kang, Dana Leshem, Victoria M. Munoz Torres, on capital markets and related matters, associates Shu‑en Wee and Wonnie Song on corporate matters, partner Christopher K. Fargo and associates Richard Bohm and Leon B. Dalezman on tax matters, and senior attorney Romica Singh and associate Anna Mikaelyan on executive compensation and benefits matters, and partner David J. Kappos and associates Kathryn-Ann Stamm and Rohan E. George on intellectual property matters. Duncan H. Hardell also worked on tax matters.