Global law firm White & Case LLP has advised the underwriters on Lemonade, Inc.'s (NYSE: LMND) US$367 million initial public offering and listing on the New York Stock Exchange, which includes the full exercise of the underwriters' option to purchase additional shares.
Lemonade offers homeowners and renters insurance in the United States, and contents and liability insurance in Germany and the Netherlands, through its full-stack insurance carriers. Lemonade is currently available for most of the United States, Germany and the Netherlands, and continues to expand globally.
Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC and Allen & Company LLC acted as the managing bookrunners for the offering. Barclays Capital Inc. acted as a bookrunner and JMP Securities LLC, Oppenheimer & Co. Inc., William Blair & Company, L.L.C. and LionTree Advisors LLC acted as co-managers for the offering.
The White & Case Capital Markets team that led the transaction included partners Colin Diamond in New York and Era Anagnosti in Washington, DC and associates Taryn Zucker, Kate Warrick and Jake Lee in New York. The team was supported by partner Prat Vallabhaneni in Washington, DC and associate Margaux Curie in New York (Financial Institution Advisory), partner Steve Chabinsky and counsel F. Paul Pittman (Cybersecurity) in Washington, DC and partner Tim Hickman (Data Privacy/GDPR) in London.
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