LegalZoom.com IPO watch: LegalZoom.com has filed Form S-1 with the U.S. Securities and Exchange Commission on May 10, 2012, LegalZoom.com. According to the regulatory filing, the company intends to raise funds of up to $120 million.The company has applied to trade its common shares on the New York Stock Exchange under the symbol “LGZ.” The net proceeds from this offering will be primarily used for general corporate purposes.
LegalZoom is the leading online provider of services that meet the legal needs of small businesses and consumers in the United States. The company realized revenues of $103.30 million, $120.77 million and $156.07 million for the years ended December, 2009, 2010 and 2010, respectively. The company posted a net loss of $0.64 million, a net loss of $4.02 million and a net income of $12.12 million for the corresponding years, respectively.
Morgan Stanley & Co. LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated are acting as the representatives of the LegalZoom.com IPO syndicate. Stifel, Nicolaus & Company, Incorporated, William Blair & Company, L.L.C., RBC Capital Markets, LLC and Montgomery & Co., LLC are acting as the co-managers for the LegalZoom.com IPO.