New Relic CEO and founder Lewis Cirne.
New Relic CEO and founder Lewis Cirne.

New Relic is off to a fast start as a public company. The San Francisco-based company that builds software and app monitoring software is seeing gains of more than 45 percent as of Friday morning after raising $115 million in its debut on NASDAQ.

New Relic, which has a large R&D office in Portland and a smaller engineering outpost in Seattle, had raised $215 million since 2007 and helps customers understand how users are interacting with their software in real time, providing data related to user click streams, mobile activity, end user experiences, transactions, and more.

It’s also been a nice public debut for another tech company, Hortonworks, which raised $100 million in its IPO and is seeing shares rise by more than 40 percent today. And on Thursday, Lending Club saw shares spike 56 percent on its first day of trading.

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