Lemonade, a tech-driven insurance company, soars 132% in trading debut (LMND)

Lemonade, a tech-driven insurance company backed by SoftBank, soared 132% in its trading debut on Thursday.
The company had set its IPO price at $29, representing a market valuation of $1.6 billion.It was valued at $2.1 billion in its 2019 funding round.
Lemonade raised $319 million in its IPO.
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Investors turned lemons into lemonade on Thursday as they bid up shares of Lemonade, a tech-driven insurance company, more than 130% in its trading debu