DocuSign, a prominent e-signature company, is reportedly exploring a potential sale, according to sources familiar with the matter cited by the Wall Street Journal. This move has spurred a surge in the company’s shares, jumping nearly 15% to $64.53 in response to the news.
The company, known for its electronic signature products, has caught the attention of both private equity firms and technology companies, sparking potential interest in a takeover, as per the report.
In response to inquiries about the reported exploration, DocuSign opted not to comment.
As of its recent closing price, DocuSign boasts a market capitalization of $11.44 billion, based on data from LSEG. However, discussions regarding a potential sale are still in their preliminary stages, and the report underscores that a deal is far from guaranteed.