U.S. home insurance provider Slide Insurance Holdings applies for a U.S. stock IPO aiming to raise up to $300 million
Slide Insurance Holdings has officially submitted its initial public offering (IPO) application to the U.S. Securities and Exchange Commission, expecting to raise up to $300 million. The company focuses on providing homeowners insurance services to residents and commercial properties in Florida and South Carolina, controlling various aspects of the insurance value chain. Since its establishment in 2021, Slide Insurance has grown rapidly, with projected sales reaching $929 million by 2025, and plans to list on NASDAQ
According to Zhitong Finance APP, Slide Insurance Holdings (SLDE.US) is a well-known home insurance provider in the southern coastal region of the United States, focusing on providing comprehensive insurance services for local residents and commercial residential properties. Recently, the company officially submitted its initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC), with the fundraising expected to reach up to $300 million.
Slide Insurance is led by the founder and former CEO of Heritage Insurance, and through its insurance subsidiaries, the company primarily operates in the Florida coast (accounting for 99.5%) and South Carolina (accounting for 0.5%), covering single-family homeowners, condominium owners, and other commercial residential properties, providing them with residential property insurance services.
It is worth mentioning that Slide controls all aspects of the insurance value chain, covering the entire process from underwriting, distribution to claims, and this unique operational model helps the company maximize profitability, enhance overall operational efficiency, and create greater value for shareholders.
Slide Insurance is headquartered in Tampa, Florida, and has developed rapidly since its establishment in 2021. In the 12 months ending March 31, 2025, the company's sales reached $929 million. The company plans to list on NASDAQ under the stock code SLDE. Slide Insurance Holdings submitted its IPO application confidentially on June 18, 2024, with Barclays and Morgan Stanley serving as the joint bookrunners for the transaction, and the pricing terms have not yet been disclosed
