HIPO Holdings (HIPO)

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Microsoft backs HIPO? Amazing. News Alert just incoming. Wow Hippo Is Ready to Recover From a Chaotic Start
HIPO stock has been resilient this month, and potential big-name backers can boost its shares
14min ago · By Alex Sirois
The story of Hippo Holdings (NYSE:HIPO) stock had an inauspicious beginning. The homeowners insurance provider emerged from a special purpose acquisition company (SPAC) deal that soured in the eleventh hour. Now, investors are wondering if HIPO stock is worth a buy.
HIPO stock: miniature home next to pen, pad of paper, calculator and coins on a desk
Source: MIND AND I / Shutterstock.com
InvestorPlace’s own Robert Lakin did an excellent job of detailing the less-than-stellar initial public offering (IPO) early last month. It’s a great primer for what happened to the company, which had the backing of the founders of Microsoft.