Slide Insurance Holdings, a home insurance provider focused on the coastal southern US, announced terms for its IPO on Monday.
The Tampa, FL-based company plans to raise $320 million by offering 20 million shares (17% secondary) at a price range of $15 to $17. At the midpoint of the proposed range, Slide Insurance Holdings would command a fully diluted market value of $2.2 billion.
Slide Insurance is led by the founder and former CEO of Heritage Insurance. Through its Insurance subsidiary, the company provides residential property insurance for single-family homeowners, condominium owners, and other commercial residential properties, primarily on the coasts of Florida and South Carolina. Slide controls all aspects of the insurance value chain from underwriting to distribution and claims, which it believes enables it to maximize profitability.
Slide Insurance Holdings was founded in 2021 and booked $929 million in revenue for the 12 months ended March 31, 2025. It plans to list on the Nasdaq under the symbol SLDE. Barclays and Morgan Stanley are the joint bookrunners on the deal. It is expected to price during the week of June 16, 2025.
Alice J. Roden started working for Trending Insurance News at the end of 2021. Alice grew up in Salt Lake City, UT. A writer with a vast insurance industry background Alice has help with several of the biggest insurance companies. Before joining Trending Insurance News, Alice briefly worked as a freelance journalist for several radio stations. She covers home, renters and other property insurance stories.