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...
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Revenue Soars at Alphabet’s Verily as It Inches Toward Independence
Verily, an Alphabet unit applying data analytics to healthcare, continues to post heavy losses but may be moving closer to gaining independence from Google’s parent company, according to previously undisclosed financial information. Revenue at Verily more than doubled in the first nine months of last year to $470 million from $228 million in the same period of 2021, making it by far the...
TikTok Meets Republican Lawmaker to Discuss Data Security Plans
Coatue General Partner David Cahn Departs for Sequoia Capital
Tiger Global Reportedly Lowers Fundraising Target
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