Press Release

Cooley Guides LegalZoom on IPO, Concurrent Private Placement

Aggregate gross proceeds total $705.7 million
July 13, 2021

Los Angeles – July 13, 2021 – Cooley advised, Inc. on its initial public offering of 21,989,150 shares of common stock, which includes the full exercise of the underwriters’ option to purchase additional shares, at a public offering price of $28.00 per share, and the concurrent sale of 3,214,285 additional shares of common stock in a private placement at the public offering price of $28.00 per share – for aggregate gross proceeds totaling $705.7 million. Partners Tom Hopkins, Jodie Bourdet and Jonie Kondracki led the Cooley team advising LegalZoom.

J.P. Morgan, Morgan Stanley and Barclays acted as lead book-running managers for the offering. BofA Securities, Citigroup, Credit Suisse and Jefferies acted as book-running managers for the offering. JMP Securities, Raymond James, William Blair, AmeriVet Securities, Penserra Securities LLC, Siebert Williams Shank and Telsey Advisory Group acted as co-managers for the offering.

LegalZoom, whose securities now trade on the Nasdaq Global Select Market under the symbol “LZ,” is a leading online platform for legal and compliance solutions in the US that is on a mission to democratize law. Driven by its core value that every business deserves the full protection of the legal system and a simple way to stay compliant with it, LegalZoom helps its customers form and protect their businesses, their ideas and families. It operates across all 50 states and 3,000+ counties in the US and has more than 20 years of experience navigating complex regulations and simplifying the legal and compliance process for its customers.

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.

Cooley has 1,200 lawyers across 17 offices in the United States, Asia and Europe.

This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.