New Relic Files for IPO
Summary
San Francisco, CA-based software analytics company New Relic, Inc., has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering of its common stock.New Relic intends to apply to list its common stock under the ticker symbol “NEWR”.JMP Securities LLC and Raymond James & Associates, Inc. will act as co-managers.Founded in 2008 by Lew Cirne, New Relic provides a SaaS-based solution for web and native mobile applications to monitor data.In March 2014, the company introduced New Relic Insights, a real-time analytics platform that allows companies to tap directly into the billions of real-time metrics from inside their software to provide actionable answers to their most important business questions.