RTTNews | Dec 29, 2020 10:10AM EST

10:09 Tuesday, December 29, 2020 (RTTNews.com) - Shares of Lemonade Inc. (LMND), a New York-based online insurance company, are rising almost 8 percent or $8.33 in Tuesday's morning trade at $116.00.

According to Lemonade's IPO prospectus, about 44 million of the company's shares will be eligible for sale on Tuesday as the lock-up period on insider sales expires. The shares are mostly held by insiders.

Lemonade has traded in a range of $44.11 to $137.30 in the past 52 weeks.

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