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Published Dec 15, 2023 02:06PM ET
© Reuters. DocuSign Inc. (DOCU) DocuSign rallies 12% on report it is considering a sale
DocuSign (NASDAQ:DOCU) shares surged as much as 12% on Friday, marking the most substantial intraday gain since June.
The boost follows a Wall Street Journal report stating that the company is in the early stages of exploring a sale. The report cited people familiar with the situation.
Accordingly, the e-signature company is working with advisers on this matter. Bidders could include private equity and technology firms.
Based on yesterday’s close price of $56.12, DOCU had a market cap of about $11 billion.
DocuSign Inc. DocuSign rallies 12% on report it is considering a sale
