Cisco Systems Inc. /zigman2/quotes/209509471/composite CSCO -0.15% once again tried to swoop in and acquire a company as it ramped up for an initial public offering, but failed this time with a premium-valued bid for Datadog Inc. /zigman2/quotes/214127379/composite DDOG +0.23% , according to a report late Wednesday. With cloud-monitoring company Datadog set to price its IPO Wednesday, Bloomberg reported that Cisco tried to scoop up the company for more than $7 billion. Datadog set its IPO pricing range at $24 to $26 a share on Tuesday, up from a previous range of $19 to $22 a share. Back in 2017, Cisco agreed to acquire data startup AppDynamics for $3.7 billion just before its IPO. Datadog rebuffed the offer and committed to its IPO, according to Bloomberg.