Deals
DocuSign Climbs in Trading Debut After $629 Million U.S. IPO
- Electronic signature software firm prices above marketed range
- Shares rise as much as 38 percent; Smartsheet also up in IPO
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Electronic signature software company DocuSign Inc. rose as much as 38 percent on its first day of trading in the U.S. after raising $629 million in its initial public offering.
The stock climbed 35 percent to $39.10 at 2:18 p.m. in New York, valuing the San Francisco-based company at about $6 billion. DocuSign sold 21.7 million shares for $29 a share in the fourth-largest technology and communications listing on a U.S. exchange this year, according to data compiled by Bloomberg.