LegalZoom Announces Pricing of Upsized Secondary Offering of Shares of Common Stock

GLENDALE, Calif., Sept. 07, 2023 (GLOBE NEWSWIRE) -- LegalZoom.com, Inc. (Nasdaq: LZ) announced today the pricing of the previously announced underwritten public offering (the “Secondary Offering”) by a stockholder of LegalZoom (the “Selling Stockholder”) of 14,000,000 shares of LegalZoom’s common stock at a public offering price of $10.00 per share. The Secondary Offering was upsized from the previously announced offering size of 13,000,000 shares of common stock. The Selling Stockholder also has granted the underwriters a 30-day option to purchase up to an additional 2,100,000 shares of common stock. The Secondary Offering is expected to close on or about September 11, 2023, subject to the satisfaction of customary closing conditions.

LegalZoom is not offering any shares of its common stock in the Secondary Offering and will not receive any proceeds from the sale of shares of common stock in the Secondary Offering.

J.P. Morgan is acting as book-running manager and representative of the underwriters for the Secondary Offering. Barclays and Morgan Stanley are acting as book-running managers for the Secondary Offering. BofA Securities, Citigroup, Jefferies, and RBC Capital Markets are also acting as book-running managers for the Secondary Offering. JMP Securities, A Citizens Company, Raymond James, William Blair, AmeriVet Securities, Penserra Securities LLC and Telsey Advisory Group are acting as co-managers for the Secondary Offering.

LegalZoom has filed a registration statement on Form S-3 relating to the Secondary Offering (including a prospectus) with the Securities and Exchange Commission (the “SEC”) that has become effective. The Secondary Offering is being made only by means of a prospectus supplement and the accompanying prospectus. Before you invest, you should read the prospectus supplement, the accompanying prospectus, the documents incorporated by reference therein and any other documents that LegalZoom may file with the SEC for more complete information about LegalZoom and the Secondary Offering. A copy of the final prospectus supplement and accompanying prospectus relating to the Secondary Offering may be obtained, when available, by using EDGAR on the SEC website at www.sec.gov or by contacting: J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by telephone at [phone] or by email at [e-mail].