New Relic prices IPO at $23, above the upwardly revised range

New Relic, which provides a cloud-based software analytics platform, raised $115 million by offering 5 million shares at $23, above the upwardly revised range of $20 to $22. The company originally planned to offer shares at $18 to $20. New Relic plans to list on the NYSE under the symbol NEWR. New Relic initially filed confidentially on 4/24/2014. Morgan Stanley and J.P. Morgan acted as lead managers on the deal.