Revenue in the fiscal year that ended in January rose 20% to $313.6 million, Medallia said in a regulatory filing. Its net loss widened to $82.2 million from $70.36 million as sales and marketing costs jumped 26%.
Prior to the offering, Sequoia Capital owned 40% of the company, an unusually large stake for a venture firm at this stage. At Friday's high, Sequoia stake was worth about $1.8 billion.