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Is Lemonade Stock a Buy After It Had the Biggest IPO of the Year?

With the start of July came the latest FinTech IPO, and it's generating lots of buzz. You might be asking whether you should invest in Lemonade, Inc. (NASDAQ: LMND) today. The Lemonade stock has popped significantly since its IPO on July 2. It's up to $80.11, a whopping 176% from its initial price of $29. The company issued 11,000,000 shares of common stock at that price for a total of $319 million raised. You missed the IPO. But does Lemonade stock still have room to gain? The post Is Lemonade Stock a Buy After It Had the Biggest IPO of the Year? appeared first on Money Morning - We Make Investing Profitable . Read more... Tags: startup investing To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.
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