Lemonade, one of the start-ups that promises to revolutionize the insurance industry, has successfully listed on the New York Stock Exchange. On Thursday, on its first trading day, its price soared by 140%! While its introductory price was set at $ 29, the action closed at $ 69.41. Which valued the young American shoot at just over $ 3 billion on the stock market, according to the firm FactSet.
Read also: The Lemonade insurance start-up takes on the stock market
Founded in 2016 by Daniel Schreiber and Shai Wininger and based in New York, Lemonade specializes in 100% digital home insurance. Last year, it generated sales of $ 67.3 million and lost $ 108.5 million. Who appeals to investors, it has among its main shareholders the Japanese group SoftBank and venture capital companies such as Sequoia Capital and Aleph. The co-founders together hold more than half of the shares.
In a document sent to the American stock market policeman (SEC),
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