Coastal insurer Slide set to open higher in Nasdaq debut after $408 million IPO

Slide Insurance Holdings

18/06/2025 15:19

Updates

** Slide Insurance's SLDE.O shares set to open significantly above offer price in their debut on Nasdaq

** Stock recently indicated to open at $34 vs $17 IPO price

** Coastal specialty insurer and some of its existing shareholders sold 24 million shares 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;))