Lemonade, Inc. is all set to go public. The five-year-old InsurTech startup has filed for an IPO on NYSE. It currently showcases $116 million in gross written premiums (FY’19), 729.3K customers (Q1’20), and over 1.2 million insurance policies sold in the last three years.
The world’s first and the last big InsurTech IPO was that of ZhongAn Insurance in 2017, which raised $1.5 billion in the Hong Kong Stock Exchange. Lemonade’s IPO, in a way, is monumental as it’s happening in the Coronavirus era. |
