Is Lemonade Really the Disruptor Investors Think It Is?

Jennifer Saibil, The Motley Fool
·4-min read
Is Lemonade Really the Disruptor Investors Think It Is?

Lemonade (NYSE: LMND) was one of the hottest IPOs (initial public offerings) of 2020, gaining 145% from its day one price through the end of the year. Investors are clearly taken with the insurance technology company, which has yet to turn a profit. Established insurance companies such as Geico and Allstate have also entered the digital age and offer many services online.