SAN FRANCISCO, Sept. 14, 2018 /PRNewswire/ -- DocuSign,
Inc. ("DocuSign") (Nasdaq: DOCU) announced today the pricing
of an underwritten public offering of 8,060,550 shares of its
common stock by certain selling stockholders at a public offering
price of $55.00 per share. Such
selling stockholders also granted the underwriters a 30-day option
to purchase up to an additional 1,209,082 shares of DocuSign's
common stock. DocuSign will not receive any of the proceeds from
the sale of the shares of its common stock being offered by the
selling stockholders, and will bear the costs associated with the
sale of such shares, other than underwriting discounts and
commissions. The offering is expected to close on September 18, 2018, subject to customary closing
conditions.
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Morgan Stanley, J.P. Morgan Securities LLC and Goldman Sachs
& Co. LLC are acting as lead book-running managers for the
proposed offering of common stock. Citigroup, BofA Merrill Lynch
and Deutsche Bank Securities are acting as additional book running
managers, and JMP Securities, KeyBanc Capital Markets, Piper Jaffray and William Blair are acting as co-managers, for the
proposed offering.
DocuSign also announced today the pricing of $500 million principal amount of 0.50%
Convertible Senior Notes due 2023 in a concurrent private placement
to qualified institutional buyers, in an offering exempt from
registration under the Securities Act of 1933, as amended, which we
refer to as the notes, or a total of $575
million principal amount of notes if the initial purchasers
in the concurrent notes offering exercise in full their option to
purchase additional notes. The public offering of common stock is
not contingent upon the consummation of the concurrent notes
offering, and the concurrent notes offering is not contingent upon
the consummation of the public offering of common stock.
The offering of common stock is being made only by means of a
prospectus. A copy of the final prospectus, when available, may be
obtained from: Morgan Stanley & Co. LLC, Attention: Prospectus
Department, 180 Varick Street, 2nd Floor, New York, New York 10014 or email at
prospectus@morganstanley.com; J.P. Morgan Securities LLC,
Attention: Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, telephone:
1-866- 803-9204 or email at prospectus-eq_fi@jpmchase.com; or
Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200
West Street, New York, NY 10282 or
email at prospectus-ny@ny.email.gs.com.
A registration statement relating to the offering of common
stock has been filed with, and declared effective by, the
Securities and Exchange Commission. This press release is neither
an offer to sell nor a solicitation of an offer to buy any
securities, nor shall it constitute an offer, solicitation or sale
of any securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such state or
jurisdiction.
About DocuSign
Founded in 2003, DocuSign helps organizations connect and
automate how they prepare, sign, act-on, and manage agreements. As
part of its cloud-based System of Agreement Platform, DocuSign
offers eSignature—the market-leading way to sign electronically on
practically any device, from almost anywhere, at any time. Today,
more than 425,000 customers and hundreds of millions of users in
over 180 countries use DocuSign to accelerate the process of doing
business and simplify people's lives.
Investor Relations:
Annie
Leschin
VP Investor Relations
415-489-1005
annie.leschin@docusign.com
Media Relations:
Adrian
Wainwright
Head of Communications
media@docusign.com
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SOURCE DocuSign, Inc.