Quick Take
Medallia (MDLA) has filed to sell $246.5 million in common stock from the company and selling shareholders, according to an amended registration statement.
The company provides on-demand software for assisting organizations in surveying customers and stakeholders to optimize operations.
MDLA is growing at an accelerating rate, is nearing breakeven, and the IPO valuation appears reasonable by comparison to publicly held competitor SVMK.
Company & Technology
San Francisco-based Medallia was founded in 2001 to provide software and related services to organizations seeking to learn from and improve customer experiences.
It sells