DocuSign – $723.7 Million IPO

Second largest software IPO in last decade

Palo Alto – May 1, 2018 – Cooley advised DocuSign on its $723.7 million initial public offering of 24,955,000 shares of common stock. Cooley partners Eric Jensen, Dave Peinsipp and Carlton Fleming led the team advising DocuSign. According to Dealogic, this transaction represents the second largest software IPO in the last decade as measured by market capitalization.

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

Founded in 2003, DocuSign offers the leading e-signature solution as part of its broader platform for automating the agreement process. It offers the world’s #1 e-signature solution, with over 370,000 customers and users in over 180 countries. The company now trades on the Nasdaq Global Select Market under the symbol “DOCU.”

Cooley has advised DocuSign since 2014 on a wide range of corporate and M&A matters, including a $310 million financing in 2015.

According to data from IPO Vital Signs and PitchBook, Cooley is the #1 law firm for VC-backed IPOs across all industries in the past 10 years.

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Related Contacts
Eric Jensen Partner, Palo Alto
David Peinsipp Partner, San Francisco
Carlton Fleming Partner, Palo Alto
David Ambler Associate, Palo Alto
Nicole Adamson Duda Associate, San Francisco
Colin Scott Associate, San Francisco
Mark Windfeld-Hansen Partner, Palo Alto
Susan Cooper Philpot Partner, San Francisco
Boris Segalis Partner, New York
Randy Sabett Special Counsel, Washington, DC
David Navetta Partner, Colorado
Francis Wheeler Partner, Colorado