New Relic’s sale tells us much about the value of middling growth today

Monitoring service New Relic this morning said it has agreed to be acquired by Francisco Partners and TPG for $6.5 billion in cash.
Shares of the company, which went public back in 2014, are up around 13.5% on the news.
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The deal is interesting because of its size, but we’re more interested in the insight it provides on the current state of the tech landscape as it pertains to valuations. Given the dry IPO climate, we are bereft of new data regarding ex

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