DocuSign surges more than 30% in its trading debut
Akin OyedeleApr 27, 2018, 09.46 PM
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- DocuSign shares on Friday surged by as much as 33% as the electronic-signature company made its debut on the public markets.
- On Thursday, the company priced its IPO at $29, above the range of $26-$28 previously indicated in company filings. It had raised $629 million in its initial public offering.
- The stock's surge, to as high as $38.83 a share, gave the company a market cap of $5.7 billion according to Bloomberg data.
- The stock is trading on the Nasdaq with the ticker "DOCU."