LegalZoom Announces Upsized $161 Million Follow-on Public Offering
Los Angeles – September 7, 2023 –Cooley advised LegalZoom, a leading online platform for business formation, on its upsized follow-on public offering at $161 million. Partners Tom Hopkins, Jodie Bourdet and Logan Tiari led the Cooley team advising LegalZoom.
The offering was upsized from the previously announced offering size of 13,000,000 shares of common stock to 14,000,000 shares priced at $10 per share. It closed on September 11, 2023, at $161 million, which includes the underwriters’ option to purchase an additional 2,100,000 shares of common stock.
Cooley previously advised LegalZoom on its $705.7 million initial public offering in July 2021, $500 million secondary investment in August 2018 and equity acquisition by Permira in February 2014.
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