When online insurance company Lemonade Inc. first published its prospectus earlier this month, it presented a slightly troubling image. Skimming through it, one got a sense of déjà vu on account of its new-age spirit, reminiscent of one of the most infamous prospectuses in history, that of shared real estate company WeWork, which eventually canceled its initial public offering on the New York Stock Exchange (NYSE).
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Source: https://blog.ourcrowd.com/has-learned-the-lesson-of-its-fellow-softbank-portfolio-companies/
