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Glendale-based online legal documents provider LegalZoom has sold $200M in equity to private equity firm Permira Funds, in a secondary stock purchase deal, the companies said this morning. According to LegalZoom, the new funding will go towards its launch of new products and services. READ MORE>>.
Permira said Friday afternoon that it successfully completed its acquisition of more than $200M of the outstanding equity of LegalZoom, giving it a majority stake of the legal document and services company. Permira said it is now LegalZoom''s largest shareholder, and will apoint a majority of the company''s board. READ MORE>>.
One of the most anticipated IPOs of a Southern California technology firm, LegalZoom is expected to hit the markets Friday, with pricing expected Thursday evening. The firm--which recently set its expected IPO pricing range of $10 to $12 per share--is one of two IPOs expected this week by technology companies.
Glendale-based LegalZoom has officially dropped its IPO bid, saying in a regulatory filing that it has withdrawn its S-1 filing for an IPO, which had originally been filed in May of 2012. LegalZoom said the move came because it does not intend to pursue the contemplated public offering at this time. READ MORE>>.
Glendale-based online legal documents marketplace LegalZoom filed for an IPO Friday, saying that it is looking to raise up to $120M on the New York Stock Exchange as "LGZ". LegalZoom reported net income of $12.1M The firm is venture backed by Polaris Venture Partners (35.1 percent ownership), Insitutional Venture Partners (14.7
Glendale-based LegalZoom said last week that it has added Institutional Venture Partners and Kleiner Perkins Caufield & Byers as investors in the firm. LegalZoom said it now has more than 500 employees and has served more than 1 million customers. LegalZoom operates an online service which allows users to purchase legal documents.
Glendale-based LegalZoom , the online legal documents site which was co-founded by Brian Lee and lawyer Robert Shapiro, is reportedly about to file for its IPO, according to a report today. Reuters, citing sources close to the firm, said the filing is expected in coming weeks.
The long awaited IPO of Glendale-based LegalZoom apparently has been delayed , according to reports Thursday afternoon. According to Reuters, citing an "underwriting source", LegalZoom has delayed the offering due to marketing conditions. LegalZoom had been aiming to list on the New York Stock Exchange as LGZ. READ MORE>>.
Glendale-based LegalZoom has moved one step closer to the public markets, saying in a filing this morning with the SEC that it is now estimating that its initial public offering price will be between $10.00 LegalZoom has applied to list as LGZ on the New York Stock Exchange. and $12.00 READ MORE>>.
Glendale-based LegalZoom has filed for an IPO, saying in a filing that it is looking to raise up to $100M in an IPO on the Nasdaq. LegalZoom's largest shareholders are Francisco Partners, BSG, Institutional Venture Partners (IVP), Kleiner Perkins Caufield and Byers, GPI Capital Gemini, and Technology Crossover Ventures (TCV).
Glendale-based legal information and filings service LegalZoom is planning a launch into the United Kingdom, saying today that it has acquired UK law firm Beaumont Legal. Legalzoom said its UK arm, LegalZoom Legal Services Ltd.,
Firms rumored to be somewhere among along the IPO process include Los Angeles-based Hulu , solar energy firm eSolar (also backed by Idealab), Irvine-based Fisker Automotive , and Los Angeles-based LegalZoom. Tags: internet brands growth merger acquisition private. READ MORE>>.
Among firms who have not filed, but have been rumored to, are Los Angeles-based Hulu , Los Angeles-based LegalZoom , Irvine's Fisker Automotive , and Pasadena-based eSolar. Tags: southern california initial public offering exit merger acquisition.
I am taking the lead from GRP and we also invested alongside a number of friends including Dave McClure, Dave Tisch, Ben Smith (Merchant Circle), Brian Lee (ShoeDazzle, LegalZoom), Jason Calacanis, Evan Rifkin, Jennifer Lum, Jay Weintraub and a whole host of other angels. But Ethan had left by the time of the acquisition. Nice sweep!
About the only, Internet-based Southern California firm to be on tap for an IPO is LegalZoom , which filed for a very modest $120M IPO earlier this month. Despite the huge interest in Facebook's IPO--the firm priced at $38.00 last night, at the very high range of an already raised $34.00 In comparison, Facebook's IPO today will raise $18.4
LegalZoom [ profile ] Business: Online legal documents. Backers: Fayez Sarofim & Co, Sequoia Capital, and Technology Crossover Ventures. Why: Founder and major investor Greg Waldorf recently stepped down; rumored to have left to avoid shares lockup in the case of an IPO. Why: Rumored to be very profitable, waiting on market.
On top of both successful and filed IPOs, firms rumored to be working on an IPO include Los Angeles-based LegalZoom , Irvine-based Fisker Automotive , Pasadena-based eSolar , and Santa Monica-based Coda Automotive. Firms which successfully reached the markets in the past year include Green Dot , RealD , Maxlinear , Inphi Corp. ,
Southern California's technology industry has not had many IPOs in recent months; the last, big IPO of a local company, LegalZoom, was delayed in August of last year, with no clear signs of if and when that firm might reapproach the markets. READ MORE>>.
we thanked our sponsor, LegalZoom , for providing trademark services cheaply >> 4. We covered the week’s M&A deals : Playdom and Kongregate and why Disney and GameStop made the acquisitions. . << we then discussed the need to do trademarks on your company and your key brand names. they take time!!
Locally, those are companies like LegalZoom, GameFly, TrueCar, and ShoeDazzle. One of the core pieces of that technology was around marketing and customer acquisition. Suddenly, we've created transparency to how things are really working, so that you can start spending money on those things and get customers others haven't gotten.
There were lots of things we did around investment and acquisitions. I had the opportunity to work with such aspirational brands as Lululemon and Underarmor. I moved down here to work as a large, $10 billion private equity fund with Ron Burkle, at Yucaipa Companies. I was in the consumer, retail space.
Brian Lee – LegalZoom, ShoeDazzle. His first company, LegalZoom was founded with Robert Shapiro, part of the team that successfully exonerated OJ Simpson, instantly giving his company credibility unheard of in the start up community. Lee could have stayed in the law business and become quite successful, but Lee had a dream.
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