Lemonade’s IPO – what does it mean for the insurance industry?

Lemonade

Insurtech Lemonade’s shares doubled in value on its first day of trading on 2 July, surging from $29 to $69.41; this followed the firm filing for an Initial Public Offering (IPO) back in June.

US-based full stack insurtech Lemonade’s shares doubled in value on its very first day of trading on 2 July, surging from $29 to $69.41 that day. This came after the insurtech filed for an Initial Public Offering (IPO) back in June.

But what does this mean for the insurance industry and other insurtechs?

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