Analytics Firm New Relic Soars In IPO, Shares Up 46%

Software analytics firm New Relic (NEWR) soared in its initial public offering Friday, and was trading more than 46% at recent check to $33.66. New Relic raised $115 million ahead of its IPO by pricing shares at $23, up from a previous range of $20 to $22, which itself was an increase from an initial $18 to $20 offering.

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