Insurer Lemonade /zigman2/quotes/219257798/composite LMND +2.35% set terms for its initial public offering on Thursday, with plans to offer 11 million shares priced at $23 to $26 each. The company would raise $286 million at the top of the range. The company has applied to list on the New York Stock Exchange, under the ticker symbol "LMND." There are eight banks underwriting the deal, led by Goldman Sachs. Proceeds of the deal will be used for general corporate purposes. "Lemonade is rebuilding insurance from the ground up on a digital substrate and an innovative business model," the company says in its prospectus.