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Medallia files for IPO

Medallia, a Silicon Valley subscription-based software company that competes with the likes of SurveyMonkey and Qualtrics, on Friday filed to go public on the NYSE under the ticker symbol “MDLA."

The bottom line: Mediallia is still unprofitable, with a net loss of $82.2 million on $313.6 million in revenue for the year ending January 31, 2019. But enterprise software IPOs so far this year have done well, despite IPO activity having slowed.

Go deeper: Despite big headlines, IPO activity has slowed in 2019