SoftBank backed Lemonade files for IPO
NEW YORK, 9th June 2020-- Softbank backed digital insurer platform Lemonade has filed a Form S-1 with the U.S. Securities and Exchange Commission (“SEC”) relating to the proposed initial public offering of its common stock.
Application has been made for listing the common stock on the New York Stock Exchange under the ticker symbol “LMND.”
The number of shares to be offered and the price range for the proposed offering have not yet been determined.
A registration statement on Form S-1 relating to these securities has been filed with the SEC but has not yet become effective.
Lemonade has raised around $480 million from SoftBank Group, Sequoia Capital Israel, General Catalyst, and others.