Coastal insurer Slide set for Nasdaq debut after upsized $408 million IPO

Slide Insurance Holdings

18/06/2025 12:22

** Slide Insurance is set to begin trading on Nasdaq on Wednesday under the symbol "SLDE"

** Coastal specialty insurer and some of its existing shareholders sold 24 million shares at $17 apiece to raise $408 million

** They had earlier marketed 20 million shares priced between $15 and $17 each

** Slide's listing is the fourth insurance IPO in New York since May

** Tampa, Florida-based Slide provides family and condominium insurance policies for coastal states along the Atlantic seaboard

** Founded in 2021, Slide's business is heavily concentrated in Florida — a market where some large national insurers have scaled back their presence in recent years due to frequent natural disasters

** Barclays and Morgan Stanley were the joint book-running managers for the offering

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))