Medallia, Inc.

Medallia, Inc. (MDLA) priced its initial public offering on Jul 19, 2019 at $21.00 per share, above its $16.00–$18.00 range, raising $325.5M, and listed on NYSE. At the IPO price its market capitalization was about $2.57B. Citigroup was lead-left underwriter, joined by Wells Fargo, Credit Suisse and Oppenheimer and others. Wilson Sonsini advised the company and Cooley advised the underwriters.

Medallia, Inc. provides a software-as-a-service platform, the Medallia Experience Cloud, for experience management. It captures experience data from customer and employee interactions across human, digital and Internet of Things channels, and applies AI to produce insights that enterprises use to reduce churn and find sales opportunities.

Status

IPO

Ticker

MDLA

Exchange

NYSE

Priced

Jul 19, 2019

IPO price

$21.00

Price range

$16.00–$18.00

Raised

$325.5M

Market cap at IPO price

$2.57B

First filed

Jun 21, 2019

Underwriters

Citigroup, Wells Fargo, Credit Suisse, Oppenheimer, William Blair, Needham, Craig-Hallum and Roth Capital

Company counsel

Wilson Sonsini

Underwriters' counsel

Cooley

Sector

Technology

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.