New Relic (NEWR) IPO Prices at $23, Above Expected Range

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Go back to New Relic (NEWR) IPO Prices at $23, Above Expected Range

New Relic (NEWR) IPO Opens Up 31%

December 12, 2014 10:02 AM EST

Today's IPO for New Relic, Inc. (NYSE: NEWR) opened for trading at $30.16 after pricing 5,000,000 shares of its common stock at a price to the public of $23 per share, above the expected $20-$22 range which was recently raised from $18-$20.

New Relic has granted the underwriters a 30-day option to purchase up to 750,000 additional... More