DocuSign shares rose as much as 15% and closed up 12% on Friday after the Wall Street Journal reported the e-signature software company tapped advisors about a possible sale.
Talks are still preliminary, the Journal reported, citing people familiar with the matter.
A DocuSign representative didn't immediately respond to a request for comment on the report.
DocuSign went public in 2018 and saw business boom during the pandemic as demand soared for technology that allowed people to work together on documents remotely.
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Persons:
didn't, DocuSign, Allan Thygesen, Dan Springer, Cynthia Gaylor
Organizations:
Inc, Apple, Wall Street Journal, Nasdaq, Adobe
Locations:
Dobbs Ferry , New York, U.S