Medallia (NYSE: MDLA) has closed its initial public offering of 17,825,000 shares of its common stock, which included 1,175,000 additional shares per the full exercise of the over-allotment option granted to the underwriters. According to the update, the offering comprised of 16,060,000 shares by Medallia and 1,765,000 by selling stockholders, each sold at the public offering price of $21, resulting in approximately $374.3 million in gross proceeds. The shares began to trade on the New York Stock Exchange under the ticker symbol “MDLA” on July 19, 2019. ROTH Capital Partners acted as a co-manager for the offering.
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About Medallia, Inc.
Medallia is the pioneer and market leader in experience management. Medallia’s award-winning SaaS platform, the Medallia Experience Cloud, leads the market in the understanding and management of experience for customers, employees and citizens. Medallia captures experience signals created on daily journeys in person, digital and IoT interactions and applies proprietary AI technology to reveal personalized and predictive insights that can drive action with tremendous business results. Using Medallia Experience Cloud, customers can reduce churn, turn detractors into promoters and buyers, and create in-the-moment cross-sell and up-sell opportunities, providing clear and potent returns on investment. For more information, visit the company’s website at www.Medallia.com.
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