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Updated Lemonade IPO Filing Indicates Down Round for Insurtech

Today Lemonade, a top Insurtech, filed a Form S-1/A with the Securities and Exchange Commission (SEC). As was recently reported, Lemonade was planning to IPO on the New York Stock Exchange (NYSE) under ticker “LMND.” The updated filing included the expected price per share range which has been pegged at between $23 and $26 a share.