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DocuSign IPO: 5 things to know about the e-signature company

Obtaining signatures for business documents may not seem like much of a business, but highly valued startup DocuSign Inc. believes it represents a $25 billion market.

DocuSign DOCU, +0.00% which enables companies to provide forms to customers and obtain their legally binding electronic signatures on the documents, priced its initial public offering at $29 a share Thursday evening. The pricing was $1 higher than its expected range, which had already been elevated from expectations of $24 to $26 a share to $26 to $28.

The company will now test an IPO market that’s been kind to other enterprise-tech companies, including Dropbox Inc.

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