New Relic’s sale tells us much about the value of middling growth today
TechCrunch: M&A
JULY 31, 2023
Shares of the company, which went public back in 2014, are up around 13.5% New Relic’s $87-per-share sale price gives it a valuation that’s less than seven times its current run-rate revenue. Monitoring service New Relic this morning said it has agreed to be acquired by Francisco Partners and TPG for $6.5
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