The Ticker
Everything You Need to Know About Lemonade Going Public
The insurance tech company IPOs at a $1.5B valuation. Is it worth it?
Welcome to The Ticker, a series that examines everything you need to know about companies going public.
Today, Lemonade, which put a high-tech spin on renters and homeowners insurance, is going public. With its vivid color palette, vocal founding team, and chirpy chatbots, the company, founded by former Powermat executive Daniel Schreiber, and Fiverr founder, Shai Wininger, has shaken up a dusty industry. It has also raised a lot of venture funding in the process — about $480 million.
With shares expected to price at $29, the company, listing under the ticker LMND, is now valued at roughly $1.64 billion. Is that a steal for a company that was valued at more than $2 billion in its last funding round? Or is this yet another case of clear-eyed public investors pouring cold water on venture delirium?
As the company goes public, here’s what you should know about the business.
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