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Medallia prices IPO at $21, above the range

July 18, 2019
MDLA

Medallia, which provides enterprise software used to analyze and improve user experience, raised $326 million by offering 15.5 million shares at $21, above the range of $16 to $18. Medallia plans to list on the NYSE under the symbol MDLA. BofA Merrill Lynch, Citi, Wells Fargo Securities and Credit Suisse acted as lead managers on the deal.