Is LegalZoom Going To IPO?
If you have been following business service companies, LegalZoom is a company you probably have run across at some point. Whether you have just seen their commercials on television or whether you have started a business, chances are high that you…
If you have been following business service companies, LegalZoom is a company you probably have run across at some point. Whether you have just seen their commercials on television or whether you have started a business, chances are high that you know the name. The company may soon conduct an initial public offering to make it a public company. This is under the well-known attorney Robert Shapiro.
Reuters has a story on more of the details.
What is interesting here is that this is not really a rapid growth business, but over the last decade it has grown and grown as more individuals start businesses, draw up trademarks and wills, and create other legal documents now without having to pay an attorney an elevated rate for each hour of work. This company’s business model is extremely easy to understand and the company gets recurring annual fees for the entities that remain in business.
Venture backers are Kleiner Perkins Caufield & Byers and Institutional Venture Partners. We do not have the financials as of yet, but LegalZoom is said to be profitable.
JON C. OGG
Contact [email protected] for any questions or corrections.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
