Lemonade (NYSE: LMND) was one of the hottest IPOs of 2020. The online insurance company went public last July at $29 per share, closed above $69 on the first day, and is now worth nearly $100.
Lemonade’s platform offers a streamlined way for users to sign up for home, renters, life, and pet insurance policies. By using artificial intelligence and chatbots, Lemonade can insure users within 90 seconds, and process their claims and payments within three minutes.
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