Lemonade Insurance (stock ticker LMND) had their IPO on June 2, 2020. In the first day of trading Lemonade stock (LMND) more than doubled from the initial price of $29. The company promises to be the future of the insurance industry by incorporating behavioral economics, charitable giving, and artificial intelligence.

All online based with no agents, Lemonade provides a unique value proposition. This all leaves the question...is Lemonade a disruptor of the multi-trillion dollar insurance market? Or is this just a new shade of lipstick on another insurance company? At a whopping $3.8 Billion valuation, there isn't much room for something in the middle.

The Lemonade IPO has been one of the more anticipated offerings in 2020.

Would this make your list of stock picks?

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