The US company Limonad, a subsidiary of SoftBank, has applied to float its shares for subscription, amid a strong recovery in the IPO market in the wake of the Corona crisis.
According to Arabia Net, this will be the first company in the SoftBank portfolio to be offered after the faltering of WeWork last year.
Softbank had invested $ 300 million in Limonad last year, taking the company's valuation to $ 2 billion.
The company provides home insurance services via a mobile application.
Its revenue in the first quarter of the year, compared to the corresponding quarter, doubled to $ 26 million.
