LZ - Is IPO Stock LegalZoom.com a Buy?
The 2021 market for initial public offerings (IPOs) is hot with a record high of nearly $350 billion raised during the first half of 2021, according to Bloomberg.
Among the flood of recent IPOs is LegalZoom.com (NASDAQ: LZ) . This legal services platform went public on June 30 with the IPO pricing at $28.00 per share. By the end of its first day of trading, the stock had jumped 35%.
LegalZoom was founded 20 years ago and attempted to go public in 2012 before withdrawing its offering. Now that it's publicly-traded, is the company worthy of investment? Let's dig into the business to find out.
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Is IPO Stock LegalZoom.com a Buy?