DocuSign chief says company wants to stay public after reports of private equity takeover interest

"We're focused on building a great, independent public company," Allan Tygesen, CEO of DocuSign, told CNBC in an interview this week at a partner event the firm held in London.

He added DocuSign wouldn't rule out the prospect of M&A in the future, but stressed the firm is "very focused on building a great independent company."is committed to remaining a public company and is working to convince investors of its artificial intelligence potential, CEO Allan Thygesen told CNBC, after reports suggested the firm had been the target of takeover interest from private equity suitors.

DocuSign, which offers a popular service that allows users to sign contracts digitally, was rumored to have been circled by suitors Bain Capital and Hellman & Friedman, according to reports from Reuters and Bloomberg earlier this year citing people familiar with the matter.. According to a February Reuters report, Bain Capital and Hellman & Freshman paused their pursuit of DocuSign due to disagreements over how much they should pay to buy the firm.

"So we're going to go and do that and, if we do that, we have a very exciting opportunity for shareholders, for customers, for employees, for everyone," he added.

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DocuSign chief says company wants to stay public after reports of private equity takeover interestDocuSign CEO Allan Thygesen said the online contract-signing platform is committed to staying public after rumored takeover interest from private equity firms.
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