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SoftBank-Backed Lemonade Soars Above $3B Valuation On First Day Of IPO Trading

July 02, 2020
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SoftBank-Backed Lemonade Soars Above $3B Valuation On First Day Of IPO Trading

July 02, 2020
Lemonade, the insurance startup backed by Japan’s SoftBank, soared on its first day of trading Thursday (July 2), rising more than 100 percent as of the afternoon after raising $319 million in an initial public offering. The company priced the shares at $29 on Wednesday evening, but opened at $50.06 a share on the New […]