Tech IPOs are the new black: software analytics company New Relic going public

Tech IPOs are back...at least for today.

Following months of dismal speculation about tech IPOs spurring more rumors about an imminent bubble pop, we have yet another example to the contrary.

Software analytics company New Relic filed for an initial public offering on Monday.

New Relic's IPO announcement follows the public debut plans of Hadoop distributor Hortonworks, which also filed an S-1 this week .

Much like Hortonworks, New Relic is keeping a lot of figures under wraps, such as the number of shares to be offered and the price range for the proposed offering.

As demonstrated by other major recent tech IPOs, such as Twitter's IPO filing last September or the still pending Box debut , a company seeking to go public can file confidentially if it is valued at less than $1 billion, under the Jumpstart Our Businesses Act, a.k.a. the JOBS act.

However, New Relic did note it plans to trade under the ticker symbol "NEWR."

Morgan Stanley, J.P. Morgan, Allen & Company and UBS Securities will act as joint book-running managers for the offering. JMP Securities and Raymond James & Associates have been tapped as co-managers.

The San Francisco-based company completed its most recent fundraising round in April, generating another $100 million in venture capital.

According to the tech brand's S-1 filed with the U.S. Securities and Exchange Commission on Monday, New Relic reported revenue of $26.1 million and $48.0 million for the six months ended September 30, 2013 and 2014, respectively, translating to year-over-year growth of 83 percent.

But that was on top of net losses ringing up to $18.6 million and $19.4 million for the six months ended September 30, 2013 and 2014, respectively.

New Relic, which specializes in cloud application performance and business intelligence solutions, bolstered its product lineup in October with tools for pre-production testing, monitoring and diagnosing JavaScript and AJAX interactions, tracking bugs and make its Insights software more accessible.

As of September 30, 2014, New Relic affirmed it has "collected, stored, and analyzed over 690 billion data points daily across more than 4 million application instances and monitored user experiences on over a million website domains and from over one billion mobile application installs."

Founded in 2008, New Relic had over 250,000 users by the end of September as well as 10,590 paid business accounts.

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