Are public markets frothier than today’s private markets? Alex Wilhelm 7 hours

Startups that fit under the broad umbrella of insurance technology are having quite a year.

In early 2020, insurtech marketplaces raised hundreds of millions of dollars, and as the year continued, more insurtech startups saw their fortunes rise. But these busy and lucrative recent quarters are perhaps best demonstrated by Lemonade’s IPO.

The rental and home-insurance startup went public in early July, pricing at $29 per share ahead of its raised IPO range, which valued it at around $1.6 billion.

Despite a strong IPO pricing run, Lemonade was still worth less than the $2 billion valuation it had previously earned from private investors. The debut looked like an example

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