Warning: these numbers may bring on a sweat!
Israel held fast to its title, “Startup Nation”, in 2020 as the world looked in amazement at a 55% jump in high-tech exits. With a record $15.4 billion in exits, the nation proved its resilience and innovation even amidst the coronavirus pandemic.
A strong majority of the exits during 2020 were represented by initial public offerings (IPO), represented by some 19 Israeli tech firms. Leading were Lemonade Inc., JFrog, and Nano-X.
Let’s look deeper into Lemonade.
Lemonade Inc. is an American insurance company that offers renters, homeowners, and pet health policies through its online and app-based platforms. It applies a clear 25% fee across all policies and focuses on a unique user experience to wow its policyholders.
Lemonade drops 11% after notorious short-seller says the stock should trade 43% below current levels
Will DanielJan 15, 2021, 03:48 IST
Lemonade
Lemonade stock fell as much as 11% on Thursday after a negative tweet from notorious short-seller Citron Research.
The online-insurance platform has outpaced the market considerably since its July IPO with shares up more than 130%.
Lemonade stock boasts a market cap in excess of $9 billion and trades at almost 100-times sales.
Lemonade s stock dropped as much as 11% on Thursday after
Andrew Left s notorious short-selling fund, Citron Research, predicted the online-insurance platform will fall back to $100.
Founded by Daniel Schreiber and Shai Wininger, Lemonade operates an online insurance platform that uses AI chatbots to help service customers.