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DocuSign CEO Daniel Springer. (DocuSign Photo).

DocuSign has filed confidentially for an initial public offering, setting up the electronic signature and digital contract giant to go public in the next six months, according to a report from TechCrunch.

DocuSign filed for an IPO using the U.S. Securities and Exchange Commission’s confidential reporting system, TechCrunch reports, which allows allows the company to submit its initial income statements and balance sheets to the SEC without letting the public pore all over the details. It also allows DocuSign to wait until it’s truly ready before listing its shares, as opposed to the regular process, where the clock starts once the S-1 filing hits the internet.

The IPO is expected to price in mid May, according to a source with knowledge of DocuSign’s plans.

DocuSign declined to comment.

Confidential IPO filings are on the rise, most recently with Dropbox and Spotify. Last year, the SEC expanded a rule that only allowed smaller companies to file early IPO documents privately to cover all companies.

DocuSign originally started in Seattle and later relocated its headquarters to the San Francisco Bay Area. But the Seattle office remains its largest, with more than 850 people as of December and growing. It has raised more than $500 million and boasts more than 300,000 customers and 200 million users in 188 countries.

A DocuSign IPO has been predicted for years. GeekWire co-founder John Cook forecasted that the frequent number one on the GeekWire 200 list of top Pacific Northwest startups would go public or get acquired in 2018.

DocuSign has a new CEO at the helm in Daniel Springer, who took the top job in January 2017 after a long search. Under Springer, DocuSign last year beefed up its machine learning offerings by acquiring the key technology behind Paul Allen-backed Appuri and bringing on the majority of the Seattle-based startup’s team.

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