Day: July 4, 2020

CFOs On the Move: Week Ending July 2

Naveen Chopra

Naveen Chopra will come to be the new main economical officer at ViacomCBS on August ten. Chopra will be a part of the business from Amazon, wherever he is CFO of Amazon’s products and services business enterprise. Previously, Chopra was main economical officer at audio streaming provider Pandora, wherever he led a turnaround of the business and served, for a period of time, as interim main government officer. Prior to that, he held several senior positions at TiVo, which includes four years as main economical officer and a period of time as interim main government officer. Chopra succeeds Christina Spade, who will changeover into an advisory position just after the company’s 2nd quarter earnings contact.

Motorola Methods named Jason Winkler as CFO. Winkler has labored at the telecommunications business for 19 years. He was most not long ago senior vice president leading finance for the merchandise and sales

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Online Insurer Lemonade Raises $319M in IPO

Lemonade lifted $319 million in its preliminary general public providing on Wednesday.

The on the internet insurance enterprise offered 11 million shares priced at $29 each and every. Underwriters for the IPO will have an selection to invest in an further one.65 million shares in a thirty-working day window.

Goldman Sachs Team, Morgan Stanley, and Allen & Firm are the managing bookrunners for the providing.

Lemonade priced the shares above its indicated variety of $26 to $28.

The IPO values the New York-dependent enterprise at $one.six billion, noticeably reduced than the $ billion pre-income valuation it been given as component of a $three hundred million funding round led by SoftBank Team past yr.

Lemonade, launched in 2015, generally targets initial-time insurance prospective buyers who are extra comfy with an entirely digitized method.

The company’s shares will get started investing at the New York Inventory Exchange on Thursday less than the

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