Online insurance company Lemonade closes down nearly 14% ahead of lockup expiration

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Online insurance company Lemonade closes down nearly 14% ahead of lockup expiration.

Investors are preparing for the expiration, sending shares down as much as 15% on Monday.

Lemonade Inc. Co-founder and CEO Daniel Schreiber speaks onstage during Day 1 of TechCrunch Disrupt SF 2018 at Moscone Center on September 5, 2018 in San Francisco, California.closed down almost 14% Monday as investors prepare for the company's insider selling restrictions to end Tuesday.

 

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Get ready for the sell off!

even people who work there know $LMND is worthless

It was a lemon.

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