Slide Insurance Holdings Prices IPO at $17, Raises $408M

Slide Insurance Holdings, a leading home insurance provider in the United States, is set to go public on the Nasdaq stock exchange tonight. The company has priced its initial public offering (IPO) at $17 per share, issuing 24 million shares to raise a total of $408 million. This pricing is at the higher end of the previously announced range of $15 to $17 per share, and the number of shares issued is 20% higher than initially anticipated. Slide Insurance Holdings will begin trading under the ticker symbol "SLDE" on the Nasdaq starting at 6:30 PM Eastern Time on June 18.

Slide Insurance Holdings is well-known in the southern coastal regions of the United States, offering comprehensive insurance services to both residential and commercial property owners. Through its subsidiary insurance companies, the firm primarily operates in Florida (covering 99.5% of its business) and South Carolina (covering 0.5% of its business). The company provides a range of insurance services, including property insurance for single-family homeowners, apartment owners, and other commercial properties.

One of the key strengths of Slide Insurance Holdings is its control over the entire insurance value chain, from underwriting and distribution to claims processing. This integrated approach allows the company to maximize its profitability and operational efficiency, ultimately creating greater value for its shareholders. In the 12 months ending March 31, 2025, the company reported revenue of $929 million, underscoring its strong market position and financial performance.