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» 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.
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 |
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- 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
