DocuSign would rather go public than be acquired

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The e-signature platform DocuSign Inc. has its eye on an eventual initial public offering and is not looking to be acquired, Mike Dinsdale, DocuSign’s chief financial officer, tells the Wall Street Journal.

Originally focused on real estate, the 10-year-old company has branched out into other industries including insurance, finance and pharmaceuticals.

The company has more than doubled its employee count this year from 300 in January to more than 650 today, the Wall Street Journal reported.

That growth doesn’t indicate an IPO is near, DocuSign board member Peter Solvik told the Journal. “We don’t feel a pressing need to IPO. We’ve got plenty of access to capital,” he said. “This is the type of company you’ve got to let run.”

The National Association of Realtors took a stake in DocuSign in 2009, and NAR CEO Dale Stinton joined the firm’s board of directors this year. NAR members recieve discounts on DocuSign subscriptions. Source: Wall Street Journal

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