Tuesday, April 17, 2018

Docusign Sets Estimated IPO Range

E-signature software developer Docusign, which was founded in Seattle, set its estimated initial IPO pricing range to between $24.00 and $26.00 per share on Tuesday. According to the company, it is looking to sell 21,700,000 shares of its stock in the offering, which could raise up to $564.2M for the company if its prices at the high end of the range. Docusign has filed to list on the Nasdaq Global Select Market as DOCU. Docusign filed for the IPO in March. The next step in the company's IPO process is the "road show" with institutional investors, before the company makes it final pricing and lists on the market.