Lemonade
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Inside P&C places the key news from the past week under the microscope. -
The primary component of the stock issue rises to 3.3 million shares from 3 million.
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The InsurTech will sell at least three million new shares, with existing investors offering another 1.5 million.
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The InsurTech’s shares have tripled since November.
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The governance practices at Lemonade, Root and Metromile are distinctly “management-friendly” and bear some resemblance to tech disruptors outside the industry.
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The InsurTech’s stock had dropped to $113.36 per share at close of business on Monday.
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The T-Mobile parent company says the InsurTech remains forbidden from using pink in the logo of its German subsidiary.
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The InsurTech was locked in a dispute with Deutsche Telekom over whether it owns the copyright to the use of magenta.
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The stratospheric rise of Lemonade’s share price in its opening days raises the question of whether other InsurTechs will now rush to list on the public markets.
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