This year’s Fortune 500 marks the 67th running of the list.

Fortune 500

This year's Fortune 500 marks the 66th running of the list.

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PPD Company Profile, Stock Price, News, Rankings

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PPD | Fortune

PPD Company Profile, Stock Price, News, Rankings | Fortune

[ MUSIC ] Welcome to Fortune Tech Debate where we debate the issues of the day. Today we are talking about app dynamics and the companies almost ipo. Let's have two minutes on the clock. [ SOUND ] Alright Bob go. Okay, so Cisco just came in at the eleventh hour at the very last minute down to the wire and Put down $ 3. 7 billion on the table to acquire app dynamics, which was supposed to IPO. Which is crazy, they're supposed to be public today, and they announced the deal last night. I mean, this was really at the very last moment that it could've possibly happened. And I think this is a bad deal for investors. Why? Wait, how is that possible? I mean, Investors, the venture investors, some of them made a hundred times their money on this deal. That is That's a lot. An obscene return. It returned their entire fund. That's a lot of x's. A fantastic deal for venture investors. Definitely for the people who were investing in App Dynamics. But here's what I have to say about that. Okay. The public markets have not had a chance So they put their money inside a tech company, it's such a long time. There was so much pent up demand for this, and AppDynamics was gonna be the first tech IP of 2017, after a long drought of not having these companies not go public in 2016. It was actually a missed opportunity for them. Why do companies not wanna go public though? It's because it is a pain, you have to do quarterly earnings reports. Your stock is gonna be very volatile, especially in a Trump administration when there's nothing but uncertainty out there. This means- [ UNKNOWN ] They can live safely under the umbrella of a giant corporation and they probably won't even have their earnings broken out. So no one will really know if they're growing or not or if they're profitable. And they can just innovate away. Yeah but look, these private companies, and they've got these private investors, and everybody's giving them crazy valuations. These unicorn companies that are worth a billion dollars or more. Nobody knows how to adequately price them. Everybody's ideas about them are so just, insane And there needs to be some grounding in reality .>> It's true .>> And the way to do that is by going on a public exchange .>> OK I agree with you. I would love more transparency. But I'm wondering if maybe we're talking about all the unicorn's or so over value. Really the value is really only what someone's willing to pay for it. And I think this is maybe proof that the unicorns are under valued. If Cisco was willing to come in and nearly double the companies stock of the companies value that it was gonna go public at. Maybe these companies are worth even more. Well, Cisco's done it before, they're probably gonna do it again. All right, we are out of time. Thank you for watching. For more Tech Debate, come to Fortune. com. [ MUSIC ]

Is this acquisition better than the company going to public?

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