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Lemonade Sets IPO Price Range at Below Last Valuation

By
Kate Clark
· · Source: The Information

Lemonade plans to price its shares at between $23 and $26 each in its upcoming initial public offering, according to its amended S-1 filing . The homeowners and renters insurance business intends to sell 11 million shares on the New York Stock Exchange under the ticker symbol LMND. A midpoint pricing would value the company at about $1.3 billion, a significant decrease from its most recent...

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