Legalzoom announces increase to its existing share repurchase authorization

Mountain view, calif., may 22, 2024 (globe newswire) -- legalzoom.com, inc. (nasdaq: lz), the no. 1 choice in online small business formations, today announced that its board of directors has authorized an increase of $75 million to the company's existing stock repurchase program, bringing the aggregate amount authorized to $175 million. as of may 21, 2024, the company has repurchased approximately 5.9 million shares of its common stock under the program at an average price of $10.10 per share for approximately $59 million, leaving approximately $116 million available under the repurchase authorization.
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