Lemonade lands $ 319 million on IPO

Lemonade, the New York-based home insurance startup, completed its IPO and raised $ 319 million on July 2.

SoftBank-backed Insurtech sold 11 million shares at a price of $ 29 each for a market capitalization of around $ 1.6 billion.

Lemonade began its IPO last week with the expectation of offering 11 million shares of common stock at a price between $ 23 and $ 26 per share.

But the high demand drove that number up and …

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