Will Oscar Be the Next Lemonade?
2020 was a great year for IPOs. There were 480 of them, the highest ever in one year, despite the global economic downturn and volatility of the stock market.
One high profile IPO was home insurtech (insurance technology) company Lemonade (NYSE: LMND). Lemonade's stock closed up 39% on the first day of trading and has gained nearly 115% since then. Oscar is the newest digital insurance company to announce an upcoming public offering. Should the health insurance company's stock be on your shopping list?
Oscar is working to shake up the health insurance industry by offering competitive service and drug prices alongside enhanced technology. It considers itself the first direct-to-consumer health insurance company, and it's looking to repair what it calls a "broken healthcare system."
Source Fool.com