The e-signature technology provider's shares have risen almost 50% since it floated on Friday, illustrating that IPOs are back with a bang for tech companies.
US-based digital signature technology provider DocuSign floated last week in a $629m initial public offering having raised $525m in funding from an investor base containing several corporates, in yet another sign the IPO market is up and running again.
DocuSign went public on Friday, raising $466m while its shareholders divested a further $164m of shares. The company priced the offering at $29, above its $24 to $26 range, and its share price closed at $38.63 yesterday.
The shares of…
