This unicorn is uni-gone: AppDynamics acquired by Cisco for $3.7 billion
AppDynamics, which provides application performance management software for large enterprises, postponed its IPO on Wednesday. It had filed to raise $156 million by offering 12 million shares at a price range of $12 to $14.
The San Francisco, CA-based company was founded in 2008 and booked $206 million in sales for the 12 months ended October 31, 2016. It had planned to list on the Nasdaq under the symbol APPD. Morgan Stanley, Goldman Sachs, J.P. Morgan, Barclays, UBS Investment Bank and Wells Fargo Securities were set to be the joint bookrunners on the deal.
The article This unicorn is uni-gone: AppDynamics acquired by Cisco for $3.7 billion originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.