Lemonade (LMND) Announces Proposed 11M Share IPO Between $23-$26/Sh

Lemonade, Inc. (NYSE: LMND) today announced that it has commenced the initial public offering of its common stock. Lemonade is offering 11,000,000 shares of its common stock. The initial public offering is expected to be between $23.00 and $26.00 per share. Lemonade expects to grant the underwriters a 30-day option to purchase up to an additional 1,650,000 shares of its common stock at the initial public offering price. The shares are expected to trade on the New York Stock Exchange under the ticker symbol “LMND.”

Goldman Sachs & Co. LLC, Morgan Stanley and Allen & Company LLC are acting as the managing bookrunners for the offering. Barclays is acting as a bookrunner. JMP Securities, Oppenheimer & Co., William Blair and LionTree are acting as co-managers for the offering.

The offering will be made only by means of a prospectus.

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