Insurtech Lemonade, backed by SoftBank, raised $319 million late Wednesday, which was more than expected. The New York startup sold 11 million shares at $29 each. This was above its $26 to $28 price range. Lemonade will trade Thursday on the New York Stock Exhange under the ticker LMND. Goldman Sachs, Morgan Stanley, Allen &… Continue reading InsurTech Lemonade Raises $319M for IPO
Tag: SoftBank
Lemonade Files to Go Public
Lemonade, an insurance company backed by SoftBank, filed documents on Monday for an initial public offering. The buzzy startup, which has garnered valuations north of $2 billion, is one of a slew of “insurtech” startups hoping to revolutionize insurance policies by using artificial intelligence and big data to analyze risk better than traditional players in… Continue reading Lemonade Files to Go Public