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LegalZoom Files for Confidential IPO under JOBS Act

By Riley Guerin | May 3, 2012
News

Law Office Management

May 3, 2012

LegalZoom Files for Confidential IPO under JOBS Act

LegalZoom.com Inc. has tapped Sheppard Mullin Richter & Hampton to file confidential papers for an initial public offering.

LegalZoom.com Inc., the Glendale-based online service that provides legal documents for users to draft on their own, has tapped Sheppard Mullin Richter & Hampton to file confidential papers for an initial public offering, the Daily Journal reports. Sensitive information guarded by the firm can remain private until closer to a the road show.

Under the JOBS act signed by President Barack Obama, companies with less than $1 billion in revenue can confidentially file a draft registration statement to the Securities and Exchange Commission before publicly releasing the document 21 days before the road show. Lawyers predict technology companies are most likely to take advantage of the provision.
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Riley Guerin

Daily Journal Staff Writer
rguerin@journaltech.com

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