And Now Another Legal Tech IPO: LegalZoom Files To Go Public

I just wrote about Intapp’s filing of papers with the Securities & Exchange Commission for a proposed IPO, noting how rare IPOs are in legal tech, only to find out that LegalZoom also filed on Friday for an IPO.
LegalZoom had previously filed for an IPO in 2012 but then postponed the offering and withdrew it two years later.
In the filing with the SEC, LegalZoom says that it had revenue in 2020 of $471 million, and that its revenue in the first quarter of 2021 had grown 27% over the prior year.
“Our mission is to democratize law,” the filing says. “We believe every business deserves the full protection of the legal system and a simple way to stay compliant with it. Our platform helps new businesses form.
“Once a small business is formed, we offer subscription services to protect the business, its ideas, and the families that create them. LegalZoom empowers small


Original URL: https://www.lawsitesblog.com/2021/06/and-now-another-legal-tech-ipo-legalzoom-files-to-go-public.html  

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