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Cisco to buy AppDynamics for $3,7bn

It was supposed to be the first US technology listing of 2017.

Less than a day before AppDynamics was set to price its shares, a group of employees and investors boarded a plane to New York City to attend the traditional bell-ringing ceremony for new listings at the Nasdaq stock exchange, according to a person familiar with the details. Technology executives, investors and financiers were closely watching the deal, considered a crucial bellwether among so-called unicorns headed for public markets.

The bell was never rung. Instead of updating investors on its projected market valuation, AppDynamics was the subject of a different announcement: it had agreed to be acquired by Cisco for US$3,7bn. [1]

[1] By TechCentral

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