https://dataroom-software.org/how-to-use-a-data-room-for-ipo

A dataroom is a digital repository that allows multiple parties to share and access files. These tools are utilized to facilitate due diligence in M&A as well as loan syndications, licensing, private equity, venture capital and other transactions by lawyers, bankers and investors. There are a variety of options for dataroom software. Certain software for datarooms are more popular than others. SmartRoom is a popular solution for investment banks, M&A and structured finance. It has the fastest upload speed of 5MB and granular control using SmartLock and redaction, DocuSign integration, and dedicated project manager. It has a 4.8 rating on Capterra. Another option is the Content Snare which focuses more on information requests rather than document management.