Monday, July 23, 2012

LegalZoom Sets Estimated IPO Pricing Range

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 and $12.00 per share. LegalZoom said it will be offering a total of 8,000,000 shares of its stock -- made up of 3,800,000 shares from the company, and 4,200,000 from its shareholders -- in its IPO. LegalZoom has applied to list as LGZ on the New York Stock Exchange. LegalZoom is venture backed by Kleiner Perkins Caufield & Byers, Polaris Ventures, and others. The company has been among the most talked-about potential IPOs in the local market for years.