IPO Profile: New Relic Inc

Company Details

San Francisco

888-643-8776

www.newrelic.com

Description: New Relic Inc is a software analytics company. The company’s software-as-a-service (SaaS)-based solution provides interface for Web and native mobile applications and consolidates the performance monitoring data for any chosen technology in an environment. Its products include new relic. APM, new relic. mobile, new relic. insights, new relic. services, new relic. browser, and new relic. platform. New Relic is the SaaS Ruby application monitoring tool that monitors the entire application. 

Competition: HP, IBM, Microsoft, Oracle, BMC Software, CA, Inc., Compuware, Riverbed Technology, SAP, AppDynamics, Splunk, Google, Webtrends

IPO Details

Exchange and Ticker: NYSE: NEWR

Filing Range: 5.00 million shares @ $18.00 to $20.00

Offering Price: $23.00

Close price as of 12/15/14: $27.00

Offering Size: $115.00M

Shares Outstanding: 46095833 M

Underwriters: Morgan Stanley & Co/Underwriters: JP Morgan/Underwriters: Allen & Co Inc/Underwriters: UBS Investment Bank

Co-manager: JMP Securities/ Raymond James & Associates Inc

Company Counsel: Cooley LLP

Manager Counsel: Fenwick & West LLP

Auditor: Deloitte & Touche LLP

Market Capitalization on 12/31/14: $1355.22 M

Close price on 12/31/14: $29.40

Investment Details

Venture Backers:

• T. Rowe Price Threshold Partnerships
• Passport Capital
• BlackRock Inc
• Wellington Management Inc
• Benchmark Capital Management Gesellschaft MBH In Liqu
• Tenaya Capital Inc
• Allen & Co Inc
• Trinity Ventures LLP
• Insight Venture Partners
• Duff Ackerman & Goodrich
• Four Rivers Partners

Financing Rounds:

• 9/26/08 $3.4M
• 11/12/08 $6M
• 10/14/10 $10M
• 11/4/11 $15M
• 1/31/13 $60M
• 5/9/14 $100M 

Source: Data provided by Thomson Reuters.