Full-Time
Posted on 5/7/2025
Customizable homeowners insurance solutions
No salary listed
Mid
Tampa, FL, USA
In Person
Slide Insurance provides customizable homeowners insurance specifically for clients in Florida and South Carolina. The company offers a variety of coverage options, such as additional living expenses, jewelry protection, hurricane screen enclosure, and water backup overflow, allowing homeowners to tailor their insurance to meet their specific needs. By operating on a direct-to-consumer model, Slide Insurance simplifies the process for clients, enabling them to select coverage and file claims directly with the company. This approach not only enhances accessibility but also ensures that homeowners receive the protection they require. Slide Insurance stands out from competitors due to its strong financial stability, evidenced by an "A" rating from Demotech and a $1 billion reinsurance program, which ensures it can handle claims even during large-scale disasters. The company's goal is to provide flexible and reliable insurance solutions that give homeowners peace of mind.
Company Size
201-500
Company Stage
IPO
Headquarters
Tampa, Florida
Founded
2021
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Slide Raises $408 Million in IPO (Reuters) - Slide Insurance and some of its existing shareholders raised $408 million in an upsized initial public offering, the coastal specialty insurer said on June 17, signaling strong investor demand in a buoyant market for new listings.
Slide Insurance (SLDE) is set to open at $30, following its IPO priced at $17.
Disclaimer: A SCOOP Rating (Wall Street Consensus of Opening-day Premiums), is a general consensus taken, at press time, from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. The SCOOP ratings should not be taken as investment advice. The rating merely reflects the opinion of the professionals at the time of publication and is subject to last-minute changes due to market conditions, changes in a specific offering and other factors, such as changes in the proposed offering terms and the shifting of investor interest in the IPO. The information offered is taken from sources we believe to be reliable, but we cannot guarantee the accuracy.
Slide Insurance (SLDE) shares surged over 14% in their Nasdaq debut after the company priced its IPO of 24 million shares. The shares were trading at $19.53, up $2.53, reflecting a 14.88% increase. The offering is expected to close on June 20.
Slide Insurance has priced its upsized IPO, offering 24 million shares at $17 each. Slide will receive approximately $283 million from its 16,666,667 shares, while selling stockholders offer 7,333,333 shares. The shares will trade on Nasdaq under "SLDE" starting June 18, 2025, with the offering closing on June 20, 2025. Barclays and Morgan Stanley are joint book-running managers, with Citizens Capital Markets, Keefe, Bruyette & Woods, and Piper Sandler as co-managers.