Cisco Systems Inc. announced an agreement Tuesday to acquire AppDynamics Inc. for $3.7 billion, just before the tech startup was set for an initial public offering that would have valued the company at potentially half that total. AppDynamics increased its price range in a filing Tuesday morning, which was expected to be one of the last steps before the software firm sold its first batch of public shares.
Category: AppDynamics
San Francisco Software Startup AppDynamics Files for U.S. IPO
The San Francisco-based company filed with an initial offering amount of $100 million, a placeholder used to calculate fees that will probably change. Morgan Stanley, Goldman Sachs Group Inc. and JPMorgan Chase & Co.