*By Jacqueline Corba*
BODY: Shares of DocuSign surged 37 percent in the their market debut Friday. The electronic signature company raised $629 million in its initial public offering and ended the day with a market value of nearly $6 billion.
"The reception we've received on Wall Street has been great," said the DocuSign CEO Dan Springer. "The company has the scale, we have over 500 million dollars of revenue. The company continues to have great growth."
In fiscal 2018, DocuSign became cash-flow positive and generated $518 million in revenue.
Springer said the company is looking toward international expansion. Only 17 percent of the firm's revenue is from outside of the U.S.
For the full interview, [click here](https://cheddar.com/videos/docusign-ceo-dan-springer-on-first-day-of-trading).
The Biden administration has enacted a new labor rule that aims to prevent the misclassification of workers as independent contractors. The labor department rule going into effect Tuesday replaces a scrapped Trump-era standard that lowered the bar for classifying employees as contractors
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Treasury Secretary Janet Yellen has announced that 100,000 businesses have signed up for a new database that collects ownership information intended to help unmask shell company owners. Yellen says the database will send the message that “the United States is not a haven for dirty money.”
A new version of the federal student aid application known as the FAFSA is available for the 2024-2025 school year, but only on a limited basis as the U.S. Department of Education works on a redesign meant to make it easier to apply.
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The first U.S. lunar lander in more than 50 years is on its way to the moon. The private lander from Astrobotic Technology blasted off Monday from Cape Canaveral, Florida, catching a ride on United Launch Alliance's brand new rocket Vulcan.
