LegalZoom provides more details of initial public offering of shares

Pricing set at $10.00 to $12.00 per share via underwriting syndicate

By Susanna Moon

Chicago, July 23 - LegalZoom.com, Inc. registered to sell 8 million shares of its common stock in its initial public offering in an amended S-1 filing with the Securities and Exchange Commission.

The company plans to sell 3.8 million shares, and the selling stockholders are offering 4.2 million shares. The placement includes an over-allotment option to purchase up to 1.2 million more shares.

LegalZoom expects to price the IPO at between $10.00 and $12.00 per share.

The company has applied for listing of the stock on the New York Stock Exchange under the symbol "LGZ."

Morgan Stanley & Co. LLC and Bank of America Merrill Lynch are the lead underwriters of a group that includes William Blair & Co., LLC, RBC Capital Markets, LLC, Cantor Fitzgerald & Co. and Montgomery & Co., LLC.

The company is a provider of online legal services based in Glendale, Calif.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.