LegalZoom.com, Inc

General Information
Business:

Our mission is to democratize law. We believe every business deserves the full protection of the legal system and a simple way to stay compliant with it. Our platform helps new businesses form. Once a small business is formed, we offer subscription services to protect the business, its ideas, and the families that create them. LegalZoom empowers small business owners to apply their energy and passion to their businesses instead of the legal and regulatory complexity required to operate them.

LegalZoom is a leading online platform for legal and compliance solutions in the United States. In 2020, 10% of new limited liability companies, or LLCs, and 5% of new corporations in the United States were formed via LegalZoom. Our unique position at business inception allows us to become a trusted business advisor, supporting the evolving needs of a new business across its lifecycle. Along with formation, LegalZoom offerings include ongoing compliance and tax advice and filings, trademark filings, and estate plans. Additionally, we have unique insights into our customers and leverage our product as a channel to introduce small businesses to leading brands in our partner ecosystem, solving even more of their business needs. We operate across all 50 states and over 3,000 counties in the United States, and have more than 20 years of experience navigating complex regulation and simplifying the legal and compliance process for our customers.

(Note: LegalZoom priced its IPO on June 29, 2021, at $28 – above its $24-to-$27 price range – on 19.12 million shares, the same number of shares in the prospectus, to raise $535.36 million.)

Industry: COMPUTER PROGRAMMING, DATA PROCESSING
Employees: 1055
Founded: 1999
Contact Information
Address 101 North Brand Boulevard, 11th Floor Glendale, California 91203
Phone Number (323) 962-8600
Web Address http://www.legalzoom.com/
View Prospectus: LegalZoom.com, Inc
Financial Information
Market Cap $4949.81mil
Revenues $499.47 mil (last 12 months)
Net Income $-4.8 mil (last 12 months)
IPO Profile
Symbol LZ
Exchange NASDAQ
Shares (millions): 19.1
Price range $28.00 - $28.00
Est. $ Volume $535.4 mil
Manager / Joint Managers J.P. Morgan/ Morgan Stanley/ Barclays/ BofA Securities/ Citigroup/ Credit Suisse/ Jefferies
CO-Managers JMP Securities/ Raymond James/ William Blair/ AmeriVet Securities/ Penserra Securities LLC/ Telsey Advisory Group/ Siebert Williams Shank
Expected To Trade: 6/30/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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