The Limited Times

Now you can see non-English news...

Lemonade insurance start-up soars on the stock market

2020-07-03T19:01:14.076Z

The action of the American home insurance specialist surged 140% for its first day of listing.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. R...



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),

This article is for subscribers only. You still have 67% to discover.

Subscribe: € 1 for 2 months

Cancelable at any time

Enter your email

Already subscribed? Log in

Source: lefigaro

You may like

Trends 24h

Business 2020-08-07T17:28:38.079Z
Business 2020-08-08T00:28:43.680Z

Latest

business 2020/08/07    

© Communities 2019 - Privacy