Lemonade, Inc.: Harbinger of Future Public Benefit Corporation IPOs?

The last six months have been marked by profound changes in how we live and interact with one another. The COVID-19 pandemic has cast a spotlight on societal inequities and racial injustice and reinvigorated dialogue around sustainability and environmental reform. While lawyers have long engaged with corporate governance and more specifically ESG-related issues,[1] the dialogue on those issues has recently focused sharply on the role of the corporation and the extent to which corporations should consider stakeholder interests other than stockholder pecuniary gain.

In this post, we take a closer look at online insurer Lemonade, Inc.’s successful July 2 … Read more