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LegalZoom.com sets terms for $88 million US IPO

By Renaissance Capital,  July 23, 2012, 09:00:11 AM EDT

LegalZoom.com, a provider of online legal services to consumers and small businesses in the US, announced terms for its IPO on Monday. The Glendale, CA-based company plans to raise $88 million by offering 8.0 million shares (53% insider) at a price range of $10.00 to $12.00. At the midpoint of the proposed range, LegalZoom.com would command a fully diluted market value of $483 million.

LegalZoom.com, which was founded in 1999 and booked $165 million in sales for the 12 months ended 3/31/2012, plans to list on the NYSE under the symbol LGZ. Morgan Stanley and BofA Merrill Lynch are the joint bookrunners on the deal.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: News Headlines, IPOs

Referenced Stocks: LGZ



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