On July 18, 2019, Medallia 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 offered 14,325,000 shares and the selling stockholders offered 1,175,000 shares. The shares began trading on the New York Stock Exchange on July 19 under the ticker symbol "MDLA". The offering closed on July 23. Wilson Sonsini Goodrich & Rosati represented Medallia in the offering.

In addition, the underwriters were 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 acted as lead book-running managers for the offering, while Credit Suisse acted as a book-running manager. Oppenheimer & Co., SunTrust Robinson Humphrey, William Blair, Needham & Company, Craig-Hallum Capital Group, and Roth Capital Partners acted as co-managers.

The Wilson Sonsini team that represented Medallia in the offering included corporate partners Steve Bochner and Rezwan Pavri and associates Lang Liu and Helen Qi, as well as employee benefits and compensation partner David Thomas.

For more information, please see Medallia's press release.