If You Invested $1,000 in Lemonade at Its IPO, This Is How Much You Would Have Today
Companies that recently did initial public offerings (IPOs) were all the rage in 2021. Every day, a newly public company saw its stock rocket higher.
One company that enjoyed early success was Lemonade (NYSE: LMND), the upstart insurer looking to flip the industry on its head. The company has an appealing mission, aiming to be an insurer with brains and a heart. However, it has undergone turbulence during the past year-and-a-half.
A $1,000 investment at its IPO would have taken you on a roller-coaster ride. Here's why.
Source Fool.com