New Relic Announces Pricing of Initial Public Offering
Shares to Trade on NYSE Under Ticker Symbol "NEWR"
Software analytics company New Relic, Inc. today announced the pricing of its initial public offering of 5,000,000 shares of its common stock at a price to the public of $23.00 per share. The shares are expected to begin trading on the New York Stock Exchange on December 12, 2014, under the symbol "NEWR." In addition, New Relic has granted the underwriters a 30-day option to purchase up to 750,000 additional shares of common stock from New Relic at the initial public offering price.
Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, Allen & Company LLC and UBS Securities LLC are acting as joint book-running managers for the offering. JMP Securities LLC and Raymond James & Associates, Inc. are acting as co-managers for the offering.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission and was declared effective on December 11, 2014. The offering will be made only by means of a prospectus. A copy of the final prospectus related to the offering, when available, may be obtained from Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, NY 10014, Attn: Prospectus Department; or from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717; or from Allen & Company LLC, 711 Fifth Avenue, New York, NY 10022; or from UBS Securities LLC, 299 Park Avenue, New York, NY 10171, Attn: Prospectus Department.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About New Relic
As a leader in observability, New Relic empowers engineers with a data-driven approach to planning, building, deploying, and running great software. New Relic delivers the only unified data platform that empowers engineers to get all telemetry—metrics, events, logs, and traces—paired with powerful full stack analysis tools to help engineers do their best work with data, not opinions. Delivered through the industry’s first usage-based consumption pricing that’s intuitive and predictable, New Relic gives engineers more value for the money by helping improve planning cycle times, change failure rates, release frequency, and mean time to resolution. This helps the world’s leading brands including adidas Runtastic, American Red Cross, Australia Post, Banco Inter, Chegg, GoTo Group, Ryanair, Sainsbury’s, Signify Health, TopGolf, and World Fuel Services (WFS) improve uptime, reliability, and operational efficiency to deliver exceptional customer experiences that fuel innovation and growth. www.newrelic.com.
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New Relic, Inc.