Medallia soars more than 70% in market debut as investors flock to another cloud software IPO

  • 📰 CNBC
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 72%

مصر أخبار أخبار

مصر أحدث الأخبار,مصر عناوين

Medallia is up more than 70% following its IPO, becoming the latest software as a service company to debut strongly this year.

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.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 12. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

مصر أحدث الأخبار, مصر عناوين