‘Lemonade IPO’: What You Need To Know
Lemonade is a brand new and revised insurance company, holding its own ground from start to finish.
Markets are slowly coming back to normal now and the IPO market is getting on track too. Amongst the companies that are going public is Lemonade.
Lemonade is a company which holds a mobile app for property and casualty insurance alike. It has a specific focus on homeowner policies and renters. The company has revealed that it will be hitting the markets very soon.
Lemonade- Business Model
Lemonade has a very unique business model.
What you should know about the company is that it takes a ‘fixed fee’ of 25% off the premiums. This means that as an investor, you will ‘still’ be getting your revenues because insurance subscriptions will be higher in the months to come and with a fixed fee, there is a guarantee with Lemonade.
Lemonade’s revenues, between 2017 to 2019 rose from $2 million to $67 million.
While the insurance industry is mostly ‘slow growth’, Lemonade could be an exception. It is launching at the right time, it has an attractive label and it has or might have a lot to boast and secure for its clients.
Lemonade does plan on listing at the NYSE under ‘LMND‘. Its major underwriters include Morgan Stanley, Goldman Sachs, Barclays and Allen & Company.
Furthermore, the company will also be launching its pet insurance, it will be launching in Netherlands, it will be dedicated to building a very socially impactful technology, and bring a further few to the table.