New Relic’s IPO Spikes 31% In Initial Trading

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tech-ipo In early trading, New Relic’s shares are up 31% in its first day as a public company. Another technology company, Hortonworks, will begin trading this morning as well. The two companies are trading on different exchanges, with New Relic selecting the NYSE, and Hortonworks the NASDAQ. Hortonworks, which raised $100 million in its offering, priced at $16 per share. The company had… Read More