Lemonade, a tech-driven insurance company, soars 132% in trading debut (LMND)

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• Lemonade, a tech-driven insurance company backed by Softbank, soared 132% in its trading debut on Thursday.
• The company set its IPO price at $29, representing a market valuation of $1.6 billion.
• It was valued at $2.1 billion in its 2019 funding round.
• Lemonade raised $319 million in its IPO debut.
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Investors turned lemons into lemonade on Thursday, as they bid up shares of Lemonade more than 130% in its trading debut.

Lemonade is a tech-driven insurance company that is focused on digitizing the process of consumers obtaining different types of insurance.See the rest of the story at Business Insider

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