(Bloomberg) -- AppDynamics was set to be the first technology initial public offering in 2017 -- and then it was over. Cisco swooped in and bought the technology "unicorn" for $3.7 billion on the eve of its IPO. That's almost $2 billion more than AppDyanmics's most recent private valuation. Dozens of AppDynamics employees were on a plane heading to New York to ring the bell at the Nasdaq, only to learn that the company had sold itself. Will we see more 11th-hour sales of companies set to IPO? Bloomberg's Alex Barinka speaks with host Alex Sherman.
SoundCloud: 62: AppDynamics Chooses Sale over IPO by Bloomberg
To contact the author of this story: Alex Sherman in New York at asherman6@bloomberg.net.
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