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.

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