LZ News

In the US IPO market’s busiest week since 2004, 19 IPOs raised nearly $10 billion, led by Chinese ride-hailing giant DiDi Global (DIDI). The second largest IPO of the year, DiDi (DIDI) upsized and priced at the high end to raise $4.4 billion at a $70.4 billion market cap. DiDi is China’s dominant ride-hailing app, with 15...read more

LegalZoom.com, which provides legal and compliance solutions in the US, raised $535 million by offering 19.1 million shares at $28, above the range of $24 to $27. Cornerstone investors BlackRock and Neuberger Berman had indicated an interest in purchasing up to an aggregate of $150 million worth of shares in the offering (28% of the deal). Insider TCV has agreed to purchase $90...read more

17 IPOs are slated to raise $9.1 billion in the week ahead, led by long-awaited Chinese ride-hailing giant DiDi Global (DIDI). DiDi (DIDI) plans to raise $3.9 billion at a $67.5 billion market cap. DiDi is China’s dominant ride-hailing app, with 15 million drivers across 4,000 cities and towns. The unprofitable company saw revenue...read more

LegalZoom.com, which provides legal and compliance solutions in the US, announced terms for its IPO on Monday.  The Glendale, CA-based company plans to raise $488 million by offering 19.1 million shares at a price range of $24 to $27. New investors BlackRock and Neuberger Berman have indicated an interest in purchasing up to an aggregate of $150 million (31%) worth of...read more