Medallia authorized enough shares for a $70 million raise at a valuation of $1.7 billion, if all shares authorized are issued. The customer experience management (CEM) Softwware-as-a-Service company is previously backed by Sequoia Capital. The most recent round, Series F, follows the $157 million raised back in 2015-2016 that valued the company at $1.2 billion. The terms surrounding the Series F are pretty vanilla, they are pari passu in the liquidation stack with B, C, D, E and E-1 preferred and conventional convertible meaning they will not participate with common stock if there are remaining proceeds. The most recent price per share is $15.00, an up round from Series E/E-1 at $11.1361 per share.

Here’s how they are currently tracking against the index:

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Bloomberg Ticker: PUNICORN

Reuters Ticker: .PUNICORN