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7/19, 5:11 PM (Source: TeleTrader)
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Medallia+0.90%

28.51
Chart for: Medallia Inc

Medallia surges 68% after NYSE debut

Medallia Inc. surged 68% after it started trading on the New York Stock Exchange on Friday. The stock opened at $34 dollars after it was initially priced at $21 per share and reached a daily high of $35.38. The company is trading under the ticker MDLA.

The tech customer experience start-up said earlier that it is offering 14,325,000 shares while selling stockholders are offering 1,175,000 shares. However, Medallia will not receive any profits from the shareholder sales.

Medallia jumped 65% at 11:08 am ET.

Breaking the News / VP