LegalZoom Aims To Raise $516M At $5B Valuation In Second US IPO Attempt: Reuters - First Trust US Equity

Online legal services provider, LegalZoom, plans to sell over 19 million shares priced between $24 - $27 per share to raise $516 million at the top end of the range in its U.S. initial public offering (IPO), marking its second listing attempt, Reuters reported
The former O.J. Simpson attorney Robert Shapiro founded LegalZoom aims for a valuation of over $5 billion.
Glendale, California-based LegalZoom postponed its 2012 IPO and withdrew it after two years.
LegalZoom was incorporated in 2001 to draw up legal documents like wills, incorporations, and trademarks without lawyers for a fee.
It raised $500 million in a Francisco Partners and GPI Capital-led funding round in 2018, valuing the company at $2 billion. The round also included participation from one or more Franklin Templeton Investments funds, and Neuberger Berman Investment Advisers managed funds.
In 2014, European private equity firm Permira acquired between 47% - 50% of the company for $200 million, valuing LegalZoom at $425 million at the time.
Intapp Inc, a software provider for professional services and capital markets firms, aims to raise $294 million in its IPO, at a valuation of $1.65 billion.
Intapp's products range from risk management to timekeeping for lawyers. The firm counts Singapore's Temasek and private equity firm Great Hill Partners as its investors.
See also: HOW TO BUY LEGALZOOM IPO (LZ) STOCK

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