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SoftBank-backed Lemonade raises IPO target to $319M

Posted On: Jul 2, 2020   |   Posted By: The Real Deal New York

As its anticipated early July IPO date draws nearer, home insurance provider Lemonade is raising its share price once again. A new filing from the SoftBank-backed insurer says that it will sell 11 million shares at $29 apiece, Bloomberg reported. The company had previously raised its price range to $26 to $28 from an earlier target of $23 to $26. The new share price would raise $319 million and give Lemonade a market value of

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