LegalZoom Postpones IPO

LegalZoom is no longer flying down the public path. Prior to postponing its IPO Friday, the online legal services provider was looking to raise about $88 million by offering 8 million shares at a price range of $10 to $12. LegalZoom has been heavily venture-backed over the years, bagging $114 million in total venture funding between 2004 and 2011. Cross Creek Capital, Institutional Venture Partners, Kayne Anderson Capital Advisors, Kleiner Perkins Caufield & Byers, Millennium Technology Ventures and Polaris Venture Partners all have invested in the company.

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