(Reuters) – Tech-driven insurance startup Lemonade Inc said on Thursday it was looking to raise up to $286 million in its U.S. initial public offering (IPO).
The company intends to sell 11 million shares in the IPO, and has set a target range of $23-$26 apiece, according to a regulatory filing https://www.sec.gov/Archives/edgar/data/1691421/000104746920003846/a2241899zs-1a.htm.
The higher end of the range gives the firm a valuation of $1.43 billion.
(Reporting by C Nivedita; Editing by Vinay Dwivedi)
