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Online legal services provider LegalZoom.com withdraws IPO

By: Renaissance Capital
Posted: 1/8/2014 7:52:00 AM
Referenced Stocks: LGZ

LegalZoom.com, a provider of online legal services to consumers and small businesses in the US, withdrew its plans for an initial public offering on Wednesday after raising $200 million from London-based private equity firm Permira. The Glendale, CA-based company was founded in 1999 and booked $174 million in sales for the 12 months ended June 30, 2012. LegalZoom.com initially filed confidentially on April 5, 2012. Morgan Stanley and BofA Merrill Lynch were set to be the joint bookrunners on the deal.