These bots don't need social distance: $2 billion Lemonade's IPO filing shows how companies are pitching investors in the pandemic
Lemonade, the online insurance company, says its chatbots helped insulate it from the coronavirus crisis.
Lemonade released its initial public offering paperwork on Monday; the documents showed that it's still losing money, despite its bots.Doing business amid a pandemic is not easy, what with all the rules around masks, lockdowns and maintaining distance., two key members of its staff are immune to the virus — that's because they are bots.
Since the coronavirus began to spread earlier this year, we've seen COVID-19 warnings pop up in the quarterly reports and risk factors of numerous public companies and IPO candidates. But Lemonade's filing brings a refreshing new twist to coronavirus comments that companies provide investors.The amount of current annualized insurance premiums the company had on record in April was 130% higher than in the same month a year earlier, Lemonade said in the filing.
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