DocuSign IPO: 9 Things to Know About the Filing

The latest major initial public offering in the tech world comes in the form of the DocuSign IPO (DOCU).

DocuSign IPO
Source: Shutterstock

Here are nine things to know about it:

  • The tech company has been making waves, offering an online service for e-signatures. It raised over $500 million over the past 15 years since its 2003 launch.
  • DocuSign has been valued at as high as $3 billion.
  • The IPO was filed earlier in the year and it was suggested that the company go public in late April.
  • The company’s 2017 revenue tallied up to $381.5 million, up from $250.5 million in the year-ago quarter. Losses for last year were $115.4 million, down from $122.6 million in 2016.
  • The largest shareholder is Sigma Partners with 12.9% of the company, while Ignition Partners owns 11.7% and Frazier Technology Ventures holds 7.2%.
  • Kleiner Perkins invested in DocuSign as well as partner Mary Meeker serves on the company’s board, but the firm’s ownership was not high enough as it did not meet the 5% threshold for the filing. This is also true about Scale Venture Partners, despite managing partner Rory O’Driscoll working on the DocuSign board.
  • Some of the industries that DocuSign deals with include real estate, financial services, insurance and healthcare.
  • Some of the most common industries that use the company’s services include real estate, financial services, insurance and healthcare.
  • DocuSign offers services to legal teams, as well as sales and human resource departments. Small businesses and individuals also use the company’s offerings.

Article printed from InvestorPlace Media, https://investorplace.com/2018/03/docusign-ipo/.

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