By Michael Loney
June 25 - (The Insurer) - Slide Insurance Holdings has announced the underwriters of its initial public offering have fully exercised their option to purchase an additional 3.6 million shares of the Florida carrier’s common stock.
Tampa-based Slide began tradingon the Nasdaq Global Select Market on June 18 in an upsized IPO offering 24 million shares at a price of $17.
The purchase of the additional shares from certain selling stockholders of Slide closed on June 25, 2025, bringing the gross proceeds from the IPO to Slide and the selling stockholders to $469.2 million.
Slide will not receive any proceeds from the sale by such selling stockholders of the additional shares.
Barclays and Morgan Stanley acted as joint book-running managers for the offering. Citizens Capital Markets, Keefe Bruyette & Woods and Piper Sandler acted as co-managers for the offering.
Slide’s share price closed at $21.32 on Wednesday.
Its IPO followed fellow Florida carrier American Integrity and Bermudian (re)insurer Aspen floating in May and E&S carrier Ategrity floating earlier this month.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.