LegalZoom.com, which provides legal and compliance solutions in the US, filed on Friday with the SEC to raise up to $100 million in an initial public offering. The company had previously filed in 2012 but postponed the offering and withdrew two years later.
LegalZoom states that it is a leading online platform for legal and compliance solutions, claiming that 10% of new LLCs and 5% of new corporations in the US were formed via LegalZoom in 2020. Along with formation, LegalZoom offerings include ongoing compliance and tax advice and filings, trademark filings, and estate plans. The company operates across all 50 states and over 3,000 counties in the US.
The Glendale, CA-based company was founded in 1999 and booked $499 million in revenue for the 12 months ended March 31, 2021. It plans to list on the Nasdaq under the symbol LZ. LegalZoom.com filed confidentially on April 6, 2021. J.P. Morgan, Morgan Stanley, Barclays, BofA Securities, Citi, Credit Suisse, and Jefferies are the joint bookrunners on the deal. No pricing terms were disclosed.
