Medallia announced the launch of its initial public offering of 14.5M shares of common stock. Medallia is offering 13.325M shares and selling stockholders are offering 1.175M shares. The underwriters will have a 30-day option to buy an additional 1.585M shares of common stock from Medallia and an additional 590,000 shares of common stock from the selling stockholders at the initial public offering price, less underwriting discounts and commissions. Medallia has been approved to list its common stock on the New York Stock Exchange under the ticker symbol "MDLA". BofA Merrill Lynch, Citigroup and Wells Fargo Securities are acting as lead book-running managers for the proposed offering. Credit Suisse is also acting as a book-running manager. Oppenheimer & Co., SunTrust Robinson Humphrey, William Blair, Needham & Company, Craig-Hallum Capital Group and Roth Capital Partners are acting as co-managers.