Finance

LegalZoom debuted up 35%; CEO sells further push into digital market

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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.

“I’ll just start by saying, you know, our…



Source cnbc.com

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