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DOCU stock surged Friday afternoon after the Wall Street Journal reported that e-signature company DocuSign (DOCU) is working with advisers to explore a sale.
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DocuSign shares soared nearly 14% to 63.69 in recent action on the stock market today.
Conversations about a potential sale are in early stages, according to the Journal report, which cited people familiar with the situation.
DocuSign entered the day with a market value of about $11 billion. San Francisco-based DocuSign could attract interest from technology companies and private-equity firms, according to the report.
DOCU stock has traded roughly flat this year, prior to Friday’s surge. But shares of DocuSign are trading significantly from a peak reached in September 2021 of about 314. The company thrived during the rapid shift to remote work at the start of the pandemic.
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