Zinger Key Points
- DocuSign shares are trading higher following a Wall Street journal report suggesting the company is working with advisors to explore a sale.
- The report states that conversations are in the early stages, and there are no guarantees that a deal will be reached.
- Join Nic Chahine live on Wednesday, March 19, at 6 PM ET for a step-by-step breakdown of how to to capitalize on post-Fed volatility and manage risk in this fast-moving market. Register for this free strategy session today.
DocuSign, Inc. DOCU shares are trading higher Friday following a Wall Street journal report suggesting the company is working with advisors to explore a sale.
What To Know:
The report from The Wall Street Journal, which cited people familiar with the matter, suggests conversations are in the early stages, and there are no guarantees that a deal will be reached. The article suggests that DocuSign could attract buying interest from technology companies and private equity firms.
According to data from Benzinga Pro, DocuSign has a current market capitalization of just under $44.5 billion, and the company was valued at $6 billion when it went public in 2018.
DocuSign shares have gained more than 25% over the past five days and are up more than 44% over the past month.
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DOCU Price Action: According to Benzinga Pro, DocuSign shares are up by 11.4% at $62.49 at the time of publication.
Image: Vilius Kukanauskas from Pixabay
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