Market Overview

Medallia Opens Above IPO Price


Medallia (NYSE: MDLA) made its public debut Friday morning, opening at $34 after being priced at $21 per share.

The company listed its shares on the NYSE under the ticker symbol MDLA.

Medallia is a SaaS provider of enterprise software for experience management, and its SaaS platform – the Medallia Experience Cloud – captures experience data from signal fields emitted by customers and employees on their daily journeys.

Bank of America Merrill Lynch, Citigroup and Wells Fargo Securities are acting as lead book-running managers for the offering. Credit Suisse is also acting as a book-running manager.

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The stock traded around $36.22 per share at time of publication.

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Posted-In: News IPOs


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