Slide Insurance Holdings Inc. Plans $320 Million IPO for June 18th (SLDE)

Slide Insurance Holdings Inc. (SLDE) is planning to raise $320 million in an IPO on Wednesday, June 18th, IPO Scoop reports. The company will be issuing 20,000,000 shares at a price of $15.00-$17.00 per share.

In the last 12 months, Slide Insurance Holdings Inc. generated $929.3 million in revenue and $238.9 million in net income. Slide Insurance Holdings Inc. has a market cap of $2 billion.

Barclays, Morgan Stanley, Citizens Capital, Keefe, Bruyette & Woods (Stifel) and Piper Sandler acted as the underwriters for the IPO.

Slide Insurance Holdings Inc. provided the following description of their company for its IPO: “(Incorporated in Delaware) We provide property & casualty (P&C) insurance to underserved markets with high demand. Our major business is specialty P&C insurance for coastal residential properties. Launched in 2021, we are a technology enabled, fast-growing, coastal specialty insurer. We focus on profitable underwriting of single family and condominium policies in the property and casualty (“P&C”) industry in coastal states along the Atlantic seaboard through our insurance subsidiary, Slide Insurance Company (“SIC”). We utilize our differentiated technology and data-driven approach to focus on market opportunities that are underserved by other insurance companies. We acquire policies both from inorganic block acquisitions and subsequent renewals, as well as new business sales through a combination of independent agents and our direct-to-consumer (“DTC”) channel, through which we sell our insurance products directly to end consumers, without the use of retailers, brokers, agents or other intermediaries. We do not depend on any one key product or product line within the coastal specialty homeowners insurance market. We control all aspects of our value chain, including technology, underwriting, actuarial, distribution, claims and risk management which allows us to maximize profitability while maintaining disciplined underwriting standards. Our goal is to deliver long-term value for stockholders by focusing on underserved, coastal specialty markets where market capacity is limited and demand for insurance products is high. Note: Net income and revenue are for the 12 months that ended March 31, 2025. (Note: Slide Insurance disclosed its IPO terms – 20 million shares at a price range of $15.00 to $17.00 to raise $320.0 million, if priced at the $16.00 mid-point of its range, according to its S-1/A filing dated June 9, 2025. Of the 20 million shares in the IPO, Slide Insurance is offering 16.67 million shares (16,666,667 shares) and the selling shareholders are offering 3.33 million shares (3,333,333 shares), according to the prospectus. Background: Slide Insurance filed its S-1 on May 23, 2025, for its IPO, without disclosing the terms. The estimated IPO proceeds are $100 million, a placeholder amount. Some IPO pros believe that Slide Insurance Holdings’ IPO could raise between $200 million and $300 million.) “.

Slide Insurance Holdings Inc. was founded in 2021 and has 392 employees. The company is located at 4221 W. Boy Scout Blvd. Suite 200 Tampa, Florida 33607 and can be reached via phone at (813) 748-2030 or on the web at https://www.slideinsurance.com/.