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.
|11/12/2019||Posted by BusinessMediaguide.Com under General World News||
- 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.
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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 >>>