Lifenet, arguably the world's first pure-play InsurTech company, has managed to rejuvenate its growth in recent years. Based on its current valuation, an IRR of 21% can be achieved in 5 years.
Boomeranged on Mon, 30 Oct 2023 17:05
Activist investor (Effissimo Capital) has been gradually increasing and building its stake in Lifenet to 18.03% (mid-Oct) and has become the largest shareholder.
The stock experienced correction during the year after a nice run at the beginning of the year (up >20% till mid-Feb). It has recovered some of the losses now since the bottom in May.
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