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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