Lemonade (LMND) Confirms 4.5M Share Proposed Public Offering of Common Stock
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Lemonade Announces Proposed Public Offering of Common Stock
January 11, 2021 4:54 PM ESTNEW YORK--(BUSINESS WIRE)-- Lemonade, Inc. (Lemonade) (NYSE: LMND), the insurance company powered by artificial intelligence and behavioral economics, today announced that it intends to offer 3,000,000 shares of its common stock for sale in an underwritten public offering (the Primary Offering). Certain selling stockholders of Lemonade also intend to offer 1,524,314 shares of Lemonades common stock for sale in the offering (the Secondary Offering and together with the Primary Offering, the Offering). Lemonade also intends to grant the underwriters 30-day options to purchase up to an additional 678,647 shares of Lemonades common stock.
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