SAN FRANCISCO, July 18, 2019 /PRNewswire/ -- Medallia, Inc.
(NYSE: MDLA) today announced the pricing of its initial public
offering of 15,500,000 shares of its common stock at a price to the
public of $21.00 per share. Medallia
is offering 14,325,000 shares and the selling stockholders are
offering 1,175,000 shares. Medallia will not receive any proceeds
from the sale of shares by the selling stockholders.
The shares are expected to begin trading on the New York Stock
Exchange on July 19, 2019, under the
ticker symbol "MDLA". The offering is expected to close on
July 23, 2019, subject to customary
closing conditions.
In addition, the underwriters have been granted a 30-day option
to purchase up to an additional 1,735,000 shares of common stock
from Medallia and up to an additional 590,000 shares of common
stock from the selling stockholders at the initial public offering
price, less underwriting discounts and commissions.
BofA 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. Oppenheimer &
Co., SunTrust Robinson Humphrey, William Blair, Needham &
Company, Craig-Hallum Capital Group and Roth Capital Partners are
acting as co-managers.
The offering is being made only by means of a prospectus. Copies
of the final prospectus related to the offering, when available,
may be obtained from: BofA Securities, Inc., 200 North College
Street, 3rd Floor, Charlotte, NC 28255-0001, Attention:
Prospectus Department or by email
at dg.prospectus_requests@baml.com; Citigroup Global Markets
Inc., c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717, or by phone at (800)
831-9146; or Wells Fargo Securities, LLC, 375 Park Avenue, New
York, NY 10152, Attn: Equity Syndicate Department, by phone at
(800) 326-5897, or by email
at cmclientsupport@wellsfargo.com.
Registration statements relating to these securities have been
filed with, and declared effective by, the U.S. Securities and
Exchange Commission ("SEC"). Copies of the registration statements
can be accessed through the SEC's website at www.sec.gov. This
press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Medallia
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.
IR Contact:
Carolyn Bass
IR@medallia.com
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SOURCE Medallia