Thursday, September 11, 2025

LegalZoom Eyes Raising US$535.4 Million On Its Nasdaq IPO

Online legal platform LegalZoom.com Inc. announced Tuesday the pricing of its scheduled initial public offering on the Nasdaq Global Select Market. The company will go public on the US-based big board on June 30, 2021 under the ticker symbol “LZ”.

The offering consists of 19,121,000 common shares at US$28.00 per share for potential total aggregate proceeds of US$ 535.4 million. LegalZoom also gave the underwriters the option to purchase additional 2,868,150 common shares at the same share price.

Beyond the IPO, the company is also looking to raise funds via private placement by offering 3,214,285 common shares to entities affiliated with its existing shareholder TCV. This private offering will carry the same share price, adding $US90.0 million to the proceeds.

LegalZoom said that it expects to raise a total of US$625.4 million from both the public offering and the private placement.

The initial public offering is expected to close on July 2, 2021, subject to customary closing conditions.

J.P. Morgan Securities, Morgan Stanley & Co., and Barclays Capital are all managing the proposed offering as lead underwriters. 


Information for this briefing was found via Edgar and LegalZoom. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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