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Investors turned lemons into lemonade on Thursday when they took stock of Lemonade, a technology-oriented insurance company, more than 130 on their early advertising debut.
Lemonade, backed by SoftBank, digitizing the procedure to obtain home and tenant insurance.
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The IPO raised $31 million for apple Compabig’s generation and valued it at $1.6 billion. Its value was $2.1 billion in its 201 investment round, a decrease of 23%.
Lemonade began trading at 11:3 a.m. and opened at $50.06.
At its peak on Thursday, lemonade stocks increased 132% to $67.46, representing a market position valuation of $3.7 billion, ahead of its 201-nines investment cycle.
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