New Relic’s share price closed out at $33.83 on the application-analytics startup’s first day in the public markets. The share price ended up being 47 percent higher than the $23.00 share price it set on Thursday, and makes the company worth roughly $1.5 billion.
Lew Cirne, New Relic’s CEO, told me in an interview on Friday that the company is aiming full-steam ahead for the new year and compared his company to a football player that just made the big leagues.
[company]New Relic[/company] raked in $63.2 million in revenue for 2014, but also saw $91.8 million in operating expenses for the same year, according to the company’s S-1 form. That filing also shows that as of September 30, 2014, the startup has 10,590 paid business accounts and 250,000 users.
It’s going to be worth keeping an eye on how other application-analytic startups like [company]AppDynamics[/company] and [company]AppNeta[/company] will react to New Relic going public.