General World News

SoftBank-backed insurance startup Lemonade has postponed IPO plans after plotting an offering for this year. It shows how the pipeline for high-growth tech is getting clogged after WeWork.

Lemonade Shai Wininger and Daniel Schreiber

  • Insurance start-up Lemonade has pushed back its public market debut, which according to media reports had been planned for some time this year.
  • The insurer had chosen Goldman Sachs and JPMorgan to lead the offering, according to people with knowledge of the agreement.
  • Lemonade is another fast-growing tech firm backed by SoftBank or its Vision Fund that’s had challenges entering the public markets.
  • Click here for more BI Prime stories.

Lemonade, the insurance startup that counts SoftBank as one of its largest investors, is yet another fast-growing, money-losing tech company that’s finding it hard going to market. read more >>>

Source:: BusinessInsider.Com