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”.
The number of shares to be offered and the price range for the proposed offering have not been determined.
Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, Allen & Company LLC and UBS Securities LLC will act as joint book-running managers for the offering. 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. It is backed by BlackRock, Passport Capital, T. Rowe Price Associates, Wellington Management, Allen & Company, Benchmark Capital, Dragoneer Investment Group, Insight Venture Partners, Tenaya Capital and Trinity Ventures.