DocuSign – $723.7 Million IPO

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 and Dave Peinsipp 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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