DocuSign sets IPO terms, with expectations to raise up to $417.5 million

DocuSign Inc. set terms for its initial public offering, in which it expects to raise up to $417.5 million. The provider of electronic signature services said a total of 21.7 million shares are being sold in the IPO, of which the company is offering 16.1 million shares and selling shareholders are offering 5.6 shares. The company will not receive proceeds from shares offered by shareholders.

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