Eleven months after taking the job, Leslie Stretch took Medallia public and the market ate it up. But to some, its 76% first-day pop was the latest in a trend of tech IPOs leaving millions on the table.
Medallia
The day was a big win for Stretch and Medallia, an 18-year-old maker of software that helps collect, measure and interpret customer feedback and sentiment for big businesses like Bank of America, Citi and ExxonMobil. The company rang the opening bell at the New York Stock Exchange, where foundersheld a Q+A meetup with some of those customers while Stretch held court with reporters in an antique-map-lined conference room some floors above the trading floor.
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