Special offer: Try The Information and get $100 off your plan today
About Us
Pricing Corporate Sales
Briefing
Markets

Insurance Tech Firm Lemonade Stock Soars on Opening Day

By Martin Peers
· · Source: The Information

Insurance tech firm Lemonade priced its IPO at $29 a share, above the initial pricing range, but still below its most recent private valuation of $2.1 billion. But the stock soared to $69 by the close of trading on Thursday, valuing it at nearly $3.8 billion. Lemonade promises to remake the insurance business by “leveraging technology, data, artificial intelligence” with “contemporary design and...

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
The Briefing
Amazon’s Flying Camera Spotlights Privacy: The Information’s Tech Briefing
By The Information Staff · Sept. 24, 2020 5:31 PM PDT

Amazon’s unveiling of new Echo and Ring devices today should test just how worried Americans are that tech companies are infringing on their privacy. That’s been a huge concern of parts of the news media in the past couple of years, focused on Facebook in particular. But there has been little evidence that privacy worries were stopping people from using Facebook.

But the reality of ...

Latest Briefs
 
Global Climate Tech Investment Reached $16 Billion Last Year
By Kate Clark · Sept. 24, 2020
Hacker Uses Microsoft 365 Logins in Government Server Attack
By Kevin McLaughlin · Sept. 24, 2020
Amazon Unveils New Echo and Ring Products, Confirms Game Streaming Service.
By Martin Peers · Sept. 24, 2020
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Startups Microsoft
Tech Execs Are Obsessing Over Note-Taking Apps. We Tested Them Out
By The Information Staff
Investors are newly enamored of note-taking apps, financing startups like Notion Labs, Coda and Roam Research at high valuations.
Profile Media/Telecom Markets
Bourkoff Is Star Media Dealmaker, But Can He Make Shift to Tech?
By Jessica Toonkel
Aryeh Bourkoff hates wasting time. Rather than checking his overcoat when he goes out to lunch during New York’s frigid winters, the investment banker sometimes asks his assistant to walk with him to the restaurant so she can take his coat with her back to the office.
Exclusive Entertainment
ViacomCBS Probed Sexual Misconduct Allegation Against CEO Bob Bakish
By Jessica Toonkel
ViacomCBS has been investigating an allegation of sexual misconduct by its CEO, Bob Bakish, according to several people familiar with the situation.
Venture Capital Asia
TikTok Valued at Around $60 Billion, As Deal Structure Emerges
By Kate Clark, Kevin McLaughlin and Jessica E. Lessin
Walmart and Oracle are valuing the soon-to-be formed TikTok Global at between $50 billion and $60 billion, according to two people familiar with the deal, as key aspects of one of the most convoluted global tech deals in history take shape.
Exclusive Policy Google
In Ironic Twist, Google’s Pro-Privacy Move Boosted U.S. Antitrust Probe
By Nick Bastone
Google has taken a lot of heat for violating people’s privacy. Now it could get in trouble for trying to protect it.
The Takeaway Media/Telecom Google
Accepting Kickbacks, Publishers Are Playing Into Tech Companies’ Hands
By Jessica E. Lessin
For years, news publishers have been clamoring for Facebook, Google and Apple to pay for the news content that gets distributed through their services.