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quotelab.com

About QuoteLab

QuoteLab is an online marketplace that connects consumers with insurance, finance, travel, and other companies, and their agents. It is based in Los Angeles, California.

QuoteLab Headquarter Location

700 South Flower Street Suite 640

Los Angeles, California, 90017,

United States

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Latest QuoteLab News

Ad Company MediaAlpha Skyrockets 67% On Trading Debut

Oct 29, 2020

"Following" : "Follow"}} Share: The shares of MediaAlpha Inc (NYSE: MAX ), a technology-powered advertisement and marketing company, skyrocketed 67% during their trading debut on Wednesday. MediaAlpha is a subsidiary of White Mountains Insurance Group Ltd (NYSE: WTM ) and operates through QL Holdings LLC and its subsidiary QuoteLab LLC. What Happened: The company raised $175.75 million in its initial public offering on Tuesday, pricing shares at $19 each. Underwriters are entitled to over-allotment options totaling 1,387,500 shares. The IPO gave it an enterprise valuation of $1.4 billion. MAX shares began trading at $23, recording a 21% increase compared to IPO price. Earlier this quarter, the tech-powered marketing company led a $210 million debt financing round, partially used for dividend recapitalization. The parent insurance company received $55 million from these proceeds. Why Does It Matter: Approximately 67.65% of the total offering was issued by MediaAlpha and the balance by the parent company White mountains. With the change in beneficial ownership, White Mountains will continue to hold close to $400 million worth of MAX shares, a 33% controlling interest on a fully diluted basis. Root Inc (NASDAQ: ROOT ) – an auto insurance company also made its trading debut on Wednesday, after raising $724 million in its IPO. However, the ROOT stock price closed flat at the end of the trading session. Price Movement: MediaAlpha shares closed 67.68% higher at $31.86 on Wednesday and added another 3.58% higher in the pre-market session Thursday. © 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  • Where is QuoteLab's headquarters?

    QuoteLab's headquarters is located at 700 South Flower Street, Los Angeles.

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