DocuSign Filed a $100 Million IPO

DocuSign filed a $100 million IPO. The company plans to list under symbol 'DOCU' on Nasdaq.

Morgan Stanley and J.P. Morgan will act as lead book-running managers for the proposed offering. Citigroup, BofA Merrill Lynch and Deutsche Bank Securities will be additional book running managers, and JMP Securities, Piper Jaffray and William Blair will act as co-managers for the proposed offering.

Founded in 2003, DocuSign offers an e-signature solution as part of its broader platform for automating the agreement process. Today DocuSign's cloud-based platform enables more than 350,000 companies and hundreds of millions of users in over 180 countries to accelerate and simplify the process of doing business.

For the years ended January 31, 2016 and 2017, revenue was $250.5 million and $381.5 million, respectively, representing year-over-year growth of 52%. For the years ended January 31, 2016 and 2017, net loss was $122.6 million and $115.4 million, respectively.

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