on Thursday with a price range for its new shares of $23 to $26.
Lemonade — which uses AI chat bots to sell insurance plans to renters, car owners, and more — reported a net loss of $108.5 million in 2019, more than double its 2018 losses. Revenue, meanwhile, increased three-fold in the same span from $21.2 million to $63.8 million. However, the company's founders say there's a $5 trillion annual market opportunity in dragging insurance out of the dark ages.
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