Lemonade (LMND) Announces Proposed 11M Share IPO Between $23-$26/Sh
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Lemonade Announces Launch of Initial Public Offering
June 25, 2020 6:31 AM EDTNEW YORK--(BUSINESS WIRE)-- Lemonade, Inc. (Lemonade) today announced that it has commenced the initial public offering of its common stock. Lemonade is offering 11,000,000 shares of its common stock. The initial public offering is expected to be between $23.00 and $26.00 per share. Lemonade expects to grant the underwriters a 30-day option to purchase up to an additional 1,650,000 shares of its common stock at the initial public offering price. The shares are expected to trade on the New York Stock Exchange under the ticker symbol LMND.
Goldman Sachs & Co. LLC, Morgan Stanley and Allen & Company LLC are acting as the managing... More
