The "hyperfast Internet service" has been in operation in Kansas City as the company eyes extending it into the Rose City.
The move represents another success the company has had investing in the exclusive market.
World Semiconductor Trade Statistics suggests gloomy projections released earlier this year weren't wholly accurate.
New Relic plans to sell five million shares at the price of $18-20 each.
The company's images were renowned for their stunning quality due to its high-resolution technology.