The company has been in the market for over 20 years and raised $811M in investments since its inception. In 2020, LegalZoom went up by 15.20%, the earnings amounting to $470.60M. As of late 2020, the company had over a million of active subscriptions, which made it one of the largest small business service providers in the US. Yet, small businesses do require legal support, which LegalZoom is able to provide this includes company and trademark registration, tax advise, and other legal aspects.Īround 50% of LegalZoom's earnings come from subscriptions. LegalZoom mostly targets small companies that do not have enough staff to ensure legal compliance. (LZ), an online platform that provides legal protection to US companies, is launching its IPO on June 29. Company Profile and Financial Indicators before LegalZoom IPO When the initial block of shares has been sold, the company with underwriters' help sets an initial price and date for the stock to begin trading on a stock exchange. Once the paperwork done, the company sells the stock to institutional investors. The underwriters also performed due diligence and verified financial information and business model. To go public, a company must have a track record of growth and other favorable results and hire an investment bank (JP Morgan, Morgan Stanley, and Barclays in LegalZoom case) to come in and underwrite the IPO. Why go public? The primary benefit of going public is easier access to capital.
IPO is a process of offering shares of a private corporation to the public in a new stock issuance.
LegalZoom Initial Public Offering IPO What is an IPO and how it works
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