April 27, 2018 / 4:12 PM / 6 months ago

BUZZ-DocuSign caps stellar week for tech IPOs

** E-signature co DocuSign jumps in debut, capping an outstanding week for tech new listings

** Shares open at $38.00, ~28 pct above IPO price of $29/sh

** Offering of 21.7 mln shares priced $1 above already upwardly revised range; was initially expected to price in range of $24-$26/sh, which was later raised to $26-$28

** At opening price, DOCU has market valuation of nearly $6 bln; co was last valued at $3 bln in 2015

** DocuSign makes software to add legally compliant electronic signatures to documents; its service widely used by big banks and insurers for keeping track of financial transactions

** Morgan Stanley and JP Morgan led an 8-firm underwriting group

** Also on Fri, cloud-based software firm Smartsheet rose as much as 25 pct in its debut

** Both IPOs follow impressive showings on Thurs by HR software provider Ceridian HCM Holding and laser semiconductor maker nLight Inc (Reporting by Lance Tupper in New York and Nikhil Subba in Bengaluru)

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