A dataroom is a digital repository that allows multiple parties to transfer and access files. These tools help with due diligence in M&A loans, loan syndications, licensing venture capital, private equity and other transactions by bankers, attorneys and investors. There are many options for dataroom software. Certain software for datarooms are more popular than others. SmartRoom, for example, is primarily used by investment banks, M&A, and structured finance. It comes with speeds of up to 5MB per second, as well as a granular control system with SmartLock, redaction, DocuSign integration, and dedicated project managers. It also has a 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/