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The sharp rise in pricing brings the InsurTech’s market capitalization to more than $3.5bn. -
Lemonade’s stutter-step journey into the public markets will be completed today with the stock set to debut at $29 a share.
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Home and renters InsurTech Lemonade has raised the target range for its initial public offering, boosting the company’s prospective valuation to $1.54bn, amid heavy investor demand.
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Many questions abound concerning the business’ long-term viability.
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The valuation marks a drop-off from the estimated $2bn price tag the company earned in its last funding round.
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A round-up of recent news on insurance technology initiatives and start-ups.
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A round-up of recent news on insurance technology initiatives and start-up ventures.
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While many brokers are embracing clearing platforms, some firms feel threatened by the technology.
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The InsurTech specialist says the most successful firms often pivot towards a broader customer base.
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The carrier will offer workers’ comp cover through the digital portal.
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The CoverWallet CEO and co-founder says a smaller number of start-ups will receive a greater proportion of funding.
