FinTech IPO Index Up 3.8% as Lemonade Surges on UK Expansion

Earnings season has yet to start making headlines and moving stocks in the FinTech IPO Index, but the overall group was up 3.8% through the week, and platforms were the prime movers.

Lemonade shares surged more than 21%.

In a Tuesday (July 16) announcement, Lemonade said that it had launched buildings and contents insurance in the United Kingdom, thus expanding the company’s home insurance offerings.

Since launching in the U.K. in October 2022 and becoming a PRA-licensed carrier...