Following WeWork, SoftBank-Backed Lemonade Shelves Planned IPO, Report Says
Calcalist first reported the online insurance company’s plans to go public in June
Meir Orbach | 15:02 13.11.2019
SoftBank Group-backed online insurance company Lemonade Inc. is postponing its planned initial public offering, Business Insider reported Wednesday. Calcalist first reported Lemonade’s plans to go public in June. Lemonade is the second SoftBank-backed company to shelve its IPO plans in the past few months, following WeWork’s disastrous attempt.