• Company Name: Docusign Inc.
• Products: Electronic Signature and digital transaction management software and services.
• Exchange: NASDAQ
• Proposed symbol: DOCU
• IPO Date: 27th of April 2018
• Shares to be issued: 21,700,000
• Estimated range of share prices: $24-$26
• Estimated total: $542,500,000 (Calculated on Median)
• Underwriter(s): JP Morgan, Morgan Stanley

More Information

DocuSign, the world’s top e-signature solution, aims to raise $542 million at a $4.7 billion market cap.

Venture-backed DocuSign targets an estimated $25 billion market according to analysts.

DocuSign, has as it’s main competitors HelloSign and Adobe Sign, among others and has worked to get the world’s businesses to sign documents online.

The group seems to count large clients like T-Mobile, Salesforce, Morgan Stanley and Bank of America among its clientele.

Sectors of the economy such as financial services, insurance, healthcare and real estate are listed on its site as targeted industries.

Specifically, the Docusign claims that legal, sales and human resource departments frequently use DocuSign to send and sign documents.

It has a tiered business model, with corporations paying more for added services. The company also offers services for small businesses and individuals.

In terms of financials Docusign cut it’s losses to around $52.3 million (at revenue of about $518.5 million) for 2017, which was less than half of 2016 losses of $115 million (at revenue of $382 million).

The company seems to be heavily financed by venture capitalists and the lock in period seems to be of 180 days.