LegalZoom made its market debut Wednesday, with shares opening 31% above their offer price in the company’s second attempt at going public.
The online legal platform was valued at over $7.5 billion as shares soared as much as 38%. The stock closed up 35.18% at $37.85 per share, putting LegalZoom’s market capitalization at $7.35 billion.
The stock opened at $36.75 per share after an initial public offering price of $28 each. The firm sold about 19.1 million shares at that price Tuesday night, raising about $700 million.
LegalZoom provides legal and compliance solutions and operates across all 50 states and more than 3,000 counties in the U.S.
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