May 03

DocuSign Soars After IPO Debut

DocuSign Soars After IPO Debut

 

DocuSign Soars After IPO Debut

DocuSign Soars After IPO Debut

 

DocuSign, the e-signature company that helped usher in the era of digital real estate closings, debuted as an initial public offering on April 27 and is off to a strong start. Shares of DocuSign ended up 37 percent higher by the end of its first day of trading on the Nasdaq. DocuSign is NAR’s official and exclusive eSignature provider under the REALTOR Benefits® Program and an NAR Strategic Investment Company.

DocuSign priced its IPO at $29 a share, which was higher than the company’s target range, MarketWatch reports. DocuSign raised $629 million overall.

“When we got on the road, people knew us from previous rounds as a growth company with heavy losses,” Chief Executive Dan Springer told MarketWatch. “Now we’re doing half a billion in revenue and still growing at high rates, and we’re cash-flow positive.”

CEO Mike Sheridan also vowed that there’s a lot of growth ahead for DocuSign. For example, the company hopes to enhance its management of corporate documents so it becomes a place where firms have access to all of their forms and contracts in one spot.

“If you have it all in one place, you can leverage artificial intelligence to see if you have risk exposure,” Singer says.

DocuSign follows on the heels of other recent cloud software debuts, like Dropbox Inc. and Zscaler Inc., that went public in March.

“The enterprise software industry is in a really good place right now because businesses need to digitalize and their employees expect the absolute latest tools and technology,” Pete Solvik, a lead independent director on DocuSign’s board, told MarketWatch.

DocuSign shares (Nasdaq symbol: DOCU) were trading at $40.23 Wednesday afternoon.

Source: National Association of REALTORS®; “DocuSign Stock Soars After IPO as Cloud Fever Continues,” MarketWatch (April 27, 2018)

admin

For all of your Real Estate needs, place yourself in the competent hands of a career Realtor who is a Philadelphia native and Delaware County resident. Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both.

Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary.

Anthony DiDonato believes in taking his profession to the highest level of quality service. He is known for finding that “perfect” property in Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania for his buyers and helping his sellers prepare their properties so they sell quickly and efficiently.

When it comes time to negotiate the terms of a contract, Anthony DiDonato has the knowledge, experience, and professionalism applied to meeting – or exceeding – his clients’ expectations. His service to his clients is second to none. His honesty and integrity have been his claim to fame.

For Superior Real Estate Representation in the Delaware Valley, Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania… call Anthony DiDonato.