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SoftBank-Backed Lemonade Files IPO Saying ‘We Love Insurance’

Lemonade Inc., an online home insurance provider backed by SoftBank Group Corp., has filed for a U.S. initial public offering.

The New York-based company in a filing Monday listed the size of the offering as $100 million, typically a placeholder that will change. Lemonade, declaring “we love insurance” in its filing, said its goal is to harness technology and social impact to be “the world’s most loved insurance company.”