While the dual-track process is not unusual when companies are looking to sell, the AppDynamics and Cisco deal was certainly a surprise for many folks who follow tech IPOs.
Cisco announced that it was acquiring AppDynamics last month as employees from the software maker were on a plane, headed to New York to ring the opening bell.
In the latest episode of the Deal of the Week podcast, Bloomberg's Alex Sherman and Alex Barinka discuss the AppDynamics-Cisco deal and what the IPO landscape looks like for the rest of 2017.
"For a sale to happen this close to listing day is unusual," Barinka said. "It came down to the relationship here and Cisco feeling like they couldn't live without it."
Listen to the podcast in full below: