Insurer Lemonade Seeks to Raise $286 Million in IPO

Lemonade | June 25, 2020

Insurer Lemonade Seeks to Raise $286 Million in IPO
Insurance startup Lemonade Inc., which is backed by SoftBank Group Corp., said on Thursday it was looking to raise up to $286 million in its U.S. initial public offering (IPO), as the IPO market gains momentum after COVID-19 put many debuts on hold.
Lemonade’s public listing comes amid a strong appetite for new stock offerings, especially those with an online-focused business against the backdrop of the pandemic.

Spotlight

First practiced by ancient Chinese and Babylonian traders, General Insurance, also known as Property and Casualty or Non-Life Insurance, has played a critical role in the evolution of modern society. An immense field today, it continues to grow in size and complexity. As increased globalization, and new economies and volatilities emerge, so do new opportunities especially for risk-focused professionals that seek to solve the unprecedented challenges faced by companies and countries around the world.

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Spotlight

First practiced by ancient Chinese and Babylonian traders, General Insurance, also known as Property and Casualty or Non-Life Insurance, has played a critical role in the evolution of modern society. An immense field today, it continues to grow in size and complexity. As increased globalization, and new economies and volatilities emerge, so do new opportunities especially for risk-focused professionals that seek to solve the unprecedented challenges faced by companies and countries around the world.