Nasdaq, Inc. 2018For e-signature leader DocuSign, a fifteen-year slog has turned into a big first day on the public markets in its IPO. That follows the company upping its expected price target multiple times as DocuSign raised $629 million from investors in the offering. DocuSign took in revenue of $581.5 million in its fiscal 2018 ending in January, up 35.9% from its 2016 totals. Frazier Technology Ventures led the company’s Series A back in 2004, followed by a Series A extension including Ignition Venture Partners and a Series B led by Sigma Partners in 2006. At the time of the IPO, Sigma owned 12.9% of DocuSign, followed by Ignition with 11.7% and Frazier at 7.2%.

Source: Forbes April 27, 2018 16:48 UTC