Deal of the Week: AppDynamics Chooses Sale Over IPOBy
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.