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Medallia, Inc. (NYSE: MDLA) has closed its initial public offering of 17,825,000 shares of its common stock, which included 1,175,000 additional shares pursuant to the full exercise of the over-allotment option granted to the underwriters. The offering was comprised of 16,060,000 shares offered by Medallia and 1,765,000 shares offered by selling stockholders. All shares were sold at the public offering price of $21 per share, resulting in the gross proceeds of approximately $374.3 million. Medallia’s CEO Leslie Stretch was the CEO of Callidus Software Inc. until its acquisition by SAP for $2.4 billion in April 2018. Medallia will not receive any proceeds from the sale of shares by the selling stockholders. The shares began to trade on the New York Stock Exchange on July 19, 2019, under the ticker symbol "MDLA".
ROTH Capital Partners acted as a co-manager for the offering.
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, please visit
(Source: Company Press
Release | 7/19/19
About ROTH Capital Partners
ROTH Capital Partners, LLC (ROTH), is a relationship-driven
investment bank focused on serving emerging growth companies and
their investors. As a full-service investment bank, ROTH provides
capital raising, M&A advisory, analytical research, trading,
market-making services and corporate access. Headquartered in
Newport Beach, CA, ROTH is privately-held and employee owned, and
maintains offices throughout the U.S. For more information on ROTH,
Date of Announcement:
The material, information and facts discussed in this announcement other than the information regarding ROTH Capital Partners, LLC
("ROTH") and its affiliates, are from sources believed to be reliable, but are in no way guaranteed to be complete or accurate. This announcement should not be used as a complete analysis of any
companies, securities or topics discussed herein. Additional information is available upon request. This is not, however, an offer or solicitation of the securities discussed. Any opinions or
estimates in this announcement are subject to change without notice. An investment in any security based on this announcement may involve risks and uncertainties that could cause actual results to differ
materially from the forward-looking statements. Additionally, such investments may involve a high degree of risk and may not be suitable for all investors. No part of this announcement may be
reproduced in any form without the express written permission of ROTH. Copyright 2019.