TBA Law Blog


Posted by: Stacey Shrader Joslin on Jul 2, 2021

Shares of LegalZoom.com Inc. (LZ) opened 31% above their offer price on Wednesday, valuing the online legal services company at $7 billion in its Nasdaq debut, Reuters reports. The stock opened at $36.75 per share, up from the initial public offering price (IPO) of $28 per share. It sold 19.1 million shares during the debut, raising about $535.4 million. It was the company’s second attempt at a stock market listing. LegalZoom first filed for an IPO in 2012, which was postponed and then withdrawn after two years.