Lemonade Inc. IPO Will Be Hot, So Be Patient

We were looking through recent IPOs, some of those covered in our previous note, but a more exciting one is the one coming soon – Lemonade Inc. (NYSE: LMND). Even though the company offers renters and homeowner insurance, if you are expecting insurance like business valuation, you will be in for a surprise. Case in point insurance comparison sites SelectQuote (Nasdaq: SLQT) and EverQuote (Nasdaq: EVER) Other than profitability almost everything that excites growth-oriented investors is going for this ‘insurtech’ play, companies combining insurance and technology. Extremely high sales growth,…

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Favorite Long And Short Ideas From Recent IPO Season

There has been a barrage of IPOs over the last few months. Having added some of those names to our database of proprietary earnings model, we thought of sharing our initial thoughts on our favorite names for potential Long and Short. Vroom (Nasdaq: VRM), the online car-buying platform that is being compared to Carvana (Nasdaq: CVNA) has been received well, but the hype around the name is a bit over-exaggerated right now. We have written a detailed note on the company. We believe Vroom has executed well, driving growth in the…

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