LegalZoom.com Inc. said in a regulatory filing that it expects to price its initial public offering between $10.00 and $12.00 per share.
In the offering, LegalZoom.com is offering 3.80 million shares of its common stock and the selling stockholders are offering 4.20 million shares of common stock. The company noted that it will not receive any proceeds from the sale of shares by the selling stockholders.
The company noted that it have applied for listing of our common stock on the New York Stock Exchange under the symbol "LGZ."
LegalZoom.com said that the company and the selling stockholders have granted the underwriters the right to purchase up to an additional 1.20 million shares of common stock to cover over-allotments.
The company noted that it currently plans to use the net proceeds to us from this offering primarily for general corporate purposes, including working capital and capital expenditures associated with scaling our operations, technology and infrastructure to support our growth.
For the three months ended June 30, 2012, the company anticipates reporting net income of between $1.0 million to $1.6 million, as compared to a net loss of $55,000 for the three months ended March 31, 2012 and net income of $2.3 million for the three months ended June 30, 2011.
For the three months ended June 30, 2012, the company anticipates reporting total revenue of between approximately $48.0 million and $50.0 million as compared to revenue of $47.0 million for the three months ended March 31, 2012 and $40.7 million for the three months ended June 30, 2011.
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by RTT Staff Writer
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