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. 
 By TechCentral