Money Makers Mentor

LegalZoom Goes Public, On Back of Surge In Revenue

Online legal service provider, LegalZoom has became a publicly traded company. The shares were traded in the Nasdaq Global Select Market under the ticker, LZ. This platform aims at assisting small businesses and individuals in filing their tax returns and other legal compliances. Previously, this Glendale-based legal advisory platform had filed for IPO in 2012. Nevertheless, it was withdrawn two years later. But on 30 June the company went public.

IPO Details

The company announced its offer of 19.12 million shares of common stock at a price of $28.00 per share. Following the announcement, the company exceeded expectations. The share price made its debut at $36 per share. But the surge was almost 31% over the determined price. It sped towards $38 per share. But eventually closed at …

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