Lemonade is rebuilding insurance from the ground up on a digital substrate and an innovative business model. By leveraging technology, data, artificial intelligence, contemporary design, and behavioral economics, they believe they are making insurance more delightful, more affordable, more precise, and more socially impactful. To that end, Lemonade has built a vertically-integrated company with wholly-owned insurance carriers in the United States and Europe, and the full technology stack to power them.
Lemonade IPO Details:
IPO Price Range: $24-$26
Float Shares: 11 Million (underwriters can purchase up to an additional 1.65 million)
Total Shares Outstanding: 54,896,246 shares (or 56,546,246 shares if the underwriters exercise)
2019 Sales vs 2018 Sales: 63.8 Million vs 21.2 Million
2020 Sales Q1: 25.3 Million
Based on the details above, Lemonade (LMND) is growing fast and there is a limited supply of stock hitting the market. As long as it doesn't open to high, I plan to at least trade this stock when it opens this week.
