DocuSign unveils IPO filing

DocuSign has unveiled its IPO filing, confirming our scoop from last week. 

The company had previously filed confidentially and the timing of the filing revelation implies that DocuSign is hoping to go public in late April.

Founded in 2003, the San Francisco-based e-signature company has been an anticipated IPO for a while. It’s raised over $500 million over the past 15 years and has been valued as high as $3 billion. 

The filing gives us a first glimpse at the company’s financials.

Recommended For You


Clickopia Professional. Adding these amazing features: rotators, pop ups, pop bars, timers, link alerts, mobile url, notifications (action conv rate +/-, engage conv rate +/-, sales conv rate +/-, epc, acv), retargeting pixel, smar

Domainer Elite PRO Software And Marketplace

DomainerElite PRO is your all in one solution to finding available Goldmine Domains and Flipping them with our software and marketplace.

Last year saw $381.5 million in revenue, up from $250.5 million the year before. Losses for last year were $115.4 million in revenue, down from $122.6 million for 2016.

“We have a history of operating losses and may not achieve or sustain profitability in the future,” the company warned in the requisite “risk factors” section of the prospectus.

The filing reveals that Sigma Partners is the largest shareholder, owning 12.9% of the company. Ignition Partners owns 11.7% and Frazier Technology Ventures owns 7.2%.

Kleiner Perkins also invested and partner Mary Meeker serves on DocuSign’s board, but the firm’s ownership was not high enough to meet the 5% threshold for the filing. The same is also true of Scale Venture Partners, with managing partner Rory O’Driscoll serving on the DocuSign board.

DocuSign, which competes with HelloSign and Adobe Sign, among others, has worked to get the world’s businesses to sign documents online. The group has large clients like T-Mobile, Salesforce, Morgan Stanley and Bank of America.

Real estate, financial services, insurance and healthcare are listed on its site as targeted industries. The company says 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.

Recommended For You

Livecaster 3 Pro One-Time

Get on top of rankings and traffic with Livecaster3 Pro Version. It comes with several compelling capabilities and has absolutely no caps. Livecast on unlimited pages, profiles and YouTube channelsThis upgrade lets you Livecast multiple videos simultane

Leadership Viral Images and Quote Posters

One of The Easiest Ways To Get Viral Traffic On Autopilot (Multiplied By 100). Your Own Library of " Leadership " Based Social Poster Quote Images !

LetMailbox Agency

LetMailbox - Your All-In-One TOOLBOX for RAPID Returns on ANY EMAIL Broadcasts!!

DocuSign also offers services for small businesses and individuals.

Jason Lemkin, who co-founded competitor Echo Sign before it was sold to Adobe, told TechCrunch he believes “DocuSign should have a strong run ahead of it. It has a strong brand in a space that is still in early innings, and the category, like Dropbox, is inherently somewhat viral.” He believes DocuSign’s “growth is impressive and tracks the emergence of the market.” Lemkin is no longer involved with Adobe.

DocuSign itself has gone through several management changes. Early last year, Dan Springer took over as CEO, after running Responsys, which went public and then was bought by Oracle for $1.5 billion.

Chairman Keith Krach had been running the company since 2011. Krach was previously CEO of Ariba, which was acquired by SAP for $4.3 billion.


More From this publisher : HERE ; This post was curated using : TrendingTraffic

Thank you for taking the time to read our article.

If you enjoyed our content, we'd really appreciate some "love" with a share or two.

And ... Don't forget to have fun!

Recommended For You

Long Tail Pro Rank Tracker Silver Monthly Plan

Measure your success and keep tabs on how you're doing with the Rank Tracker feature in Long Tail Pro. The Gold Annual Plan includes 300 tracked keywords with weekly rank updates, Ranking History, and graph export feature!

22 Extensions Bundle OTO1 (5 Form License )

What’s FormGet Developers Extension Bundle, You Ask? 22 efficient extensions are brought together to form a bundle that guarantees to skyrocket your business.

Recommended Products

ClickKosh Extreme

Unlimited Domains, Unlimited Brochures, E-Magazines and more!

Page Builder Pro Upgrade 4

Page Builder Pro Upgrade 4

Comments are closed.