Slide to receive $283m from upsized IPO
Slide Insurance has announced the pricing of its upsized initial public offering of 24,000,000 shares of its common stock, par value per share $0.01, at a public offering price of $17.00 per share.
Slide has revealed that it is offering 16,666,667 shares, and certain selling stockholders are offering 7,333,333 shares.
Based on the offering price, Slide will receive approximately $283.3 million in gross proceeds from the sale of its shares, given that it will not receive any proceeds from the sale of the shares by the selling stockholders.
In connection with the offering, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 3,600,000 shares of common stock at the public offering price, less underwriting discounts and commissions.
According to SLide, the shares of common stock are expected to begin trading on the Nasdaq Global Select Market on June 18, 2025, under the symbol “SLDE”.
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The offering is expected to close on June 20, 2025, pending the fulfilment of customary closing conditions.
Barclays and Morgan Stanley are acting as joint book-running managers for the proposed offering, while Citizens Capital Markets, Keefe, Bruyette & Woods, A Stifel Company, and Piper Sandler are acting as co-managers for the proposed offering.
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Slide Insurance has announced the pricing of its upsized initial public offering of 24,000,000 shares of its common stock, par value per share $0.01, at a public offering price of $17.00 per share. Slide has revealed that it is offering 16,666,667 shares, and certain selling stockholders are offering 7,333,333 shares. Based on the offering price,…