A dataroom can be described as a virtual repository that allows multiple parties to share and access files. These tools are used by bankers, lawyers and investors to assist with due diligence in M&A loans, loan syndications, licensing private equity, and venture capital transactions. There are many options for dataroom software. Certain are more popular than others. SmartRoom is a well-known solution for investment banks, M&A and structured finance. It offers speeds of 5MB for uploads, granular control with SmartLock and redaction, DocuSign integration, and a dedicated project manager. It has an 4.8 star rating on Capterra. Another alternative is Content Snare which is focused on information requests, rather than document management.
https://dataroom-software.org/how-to-use-a-data-room-for-ipo