DocuSign's Stock Soars Amid Reports of Potential Sale
DocuSign shares surged by 14% following reports that the e-signature software company is exploring a potential sale. Talks are still in the early stages, and the company has not yet commented on the matter. After experiencing a significant drop in value last year, DocuSign's recovery has been less remarkable compared to its tech peers. The company went public in 2018 and experienced a surge in demand during the pandemic but has faced slower growth since the reopening of the economy and competition from Adobe and Dropbox.