May 18, 2022
Lemonade's (LMND) growth expectations are high for coming years, but the stock continues to trade near its lows
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Lemonade's (LMND) growth expectations are high for coming years, but the stock continues to trade near its lows
Lemonade shares fall 9% after online insurance provider announces secondary stock offering
Lemonade shares fall 9% after online insurance provider announces secondary stock offering
Shares of Lemonade fell as much as 9% on Tuesday as the online insurance company announced a secondary stock offering just six months after its IPO. Lemonade intends to offer 3 million shares of its common stock for sale and the sale of over 1.5 million shares by insiders they call “selling stockholders” in a secondary offering. Shares dipped to as low as $166 on Tuesday. Watch Lemonade trade…
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