New Relic’s shares soar after IPO


The San Francisco startup keeps its engineering team in downtown Portland.

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The San Francisco startup keeps its engineering team in downtown Portland.

New Relic priced its shares at $23 Thursday night in an IPO worth $115 million. The stock jumped to $32.30 in early trading Friday. That’s common with tech IPOs: investment banks carefully manage the offerings so demand exceeds supply.

Read more at OregonLive.com.




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