The following information came from the company’s official IPO announcement
On June 25, 2020, Lemonade Inc., launched its initial public offering. The company which plans to trade its shares on the New York Stock Exchange will use the ticket symbol “LMND”. According to the official release, the full-stack insurtech will offer 11,000,000 shares of common stock, with an expected pricing range between $23.00 to $26.00 per share. The company expects to grant the underwriters a 30-day option to purchase up to an additional 1,650,000 shares of its common stock at the initial public offering price.
The following details were provided in the press release:
Goldman Sachs & Co. LLC, Morgan Stanley and Allen & Company LLC are acting as the managing book-runners for the offering. Barclays is acting as a book-runner. JMP Securities, Oppenheimer & Co., William Blair and LionTree are acting as co-managers for the offering.
The offering will be made only by means of a prospectus. A copy of the preliminary prospectus relating to the offering may be obtained from any of the following sources:
- Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, via telephone: 1-866-471-2526, or via email: prospectus-ny@ny.email.gs.com;
- Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, Second Floor, New York, New York 10014; or
- Allen & Company LLC, Attention: Prospectus Department, 711 Fifth Avenue, New York, NY 10022, via telephone: (212) 339-2220, or via email: allenprospectus@allenco.com.
A registration statement on Form S-1 relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
More about Lemonade
Lemonade offers homeowners and renters insurance in the United States, and contents and liability insurance in Germany and the Netherlands, through its full-stack insurance carriers. Powered by artificial intelligence and behavioral economics, Lemonade set out to replace brokers and bureaucracy with bots and machine learning, aiming for zero paperwork and instant everything. A Certified B-Corp, Lemonade gives excess premiums to nonprofits selected by its community during its annual Giveback. Lemonade is currently available for most of the United States, Germany and the Netherlands, and continues to expand globally. Lemonade officially landed in the Massachusetts marketplace in August of 2019.
