LMND News

Sock maker Bombas is the latest company preparing to ride the ESG investing wave, with the certified B Corp reportedly considering an IPO as soon as this year. It would join Greek yogurt brand Chobani (CHO) in the IPO pipeline, which filed last November as a public benefit corporation (PBC) to raise an estimated $1.5 billion. To date,...read more

Seven IPOs and one SPAC plan to raise $2.1 billion in the week ahead, led by tax software provider Vertex (VERX). A handful of companies could join the IPO calendar in the coming week, including leading mortgage lender Rocket Companies (RKT), cloud hosting service provider Rackspace (RXT), and health center chain Oak Street Health (OSH). ...read more

Three IPOs raised $2.3 billion this past week, led by Dun & Bradstreet's (DNB) billion-dollar deal. All three IPOs upsized their deals and priced above the range. Commercial data analytics provider Dun & Bradstreet (DNB) raised $1.7 billion at a $9 billion market cap. The long-standing company was taken private in February 2019 by a consortium led by...read more

Lemonade, which provides online self-serve renters and homeowners insurance, raised $319 million by offering 11 million shares at $29, above the upwardly revised range of $26 to $28. The company had originally filed for a price range of $23 to $26. Baillie Gifford, a new investor, indicated an interest in purchasing $100 million of the IPO. Lemonade plans to list on the NYSE under...read more