New Relic today announced that it has raised $115 million from investors before it hits the New York Stock Exchange on Friday under the symbol NEWR.
The company set the price of its shares at $23, above the $22 price New Relic had proposed on Dec. 9. And that in itself is up from the $20 price proposal disclosed on Dec. 1.
The company’s S-1 filing originally became public on Nov. 10.
New Relic’s application performance management software is popular among developers. It expanded its reach earlier this year by coming out with New Relic Insights, a way for business analysts to see who’s using software and how.
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San Francisco-based New Relic was started by Lew Cirne — the company’s name is an anagram of his name. It competes with AppDynamics, among others.
Workiva and Hortonworks are also scheduled to go public on Friday.
