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IPO · LMND

Lemonade, Inc.

Lemonade, Inc. (LMND) priced its initial public offering on Jul 2, 2020 at $29.00 per share. At the IPO price its market capitalization was about $1.59B. Latham & Watkins advised the company and White & Case advised the underwriters.

Lemonade, Inc. is an insurance company that runs on an integrated technology stack. Its AI bots, Maya for onboarding and policy sales and Jim for claims, handle customer interactions, and it uses reinsurance agreements to manage risk.

Status
IPO
Ticker
LMND
Priced
Jul 2, 2020
IPO price
$29.00
Market cap at IPO price
$1.59B
First filed
Jun 8, 2020
Company counsel
Latham & Watkins
Underwriters' counsel
White & Case
Sector
Financials
Country / state
NY

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.

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Filings

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