IPO investors in Slide Insurance Holdings (SLDE) basked in some Florida sunshine today. Shares of Slide, a Tampa, Florida-based coastal home and condo insurer, opened at $21.00 – up $4.00 from their IPO price – at 12:01 p.m. EDT today – Wednesday, June 18, 2025 – on NASDAQ volume of about 2.42 million shares.
Slide’s stock closed on NASDAQ at $20.25 – up $3.25 from its $17.00 IPO price for a gain of 19.12 percent – on Wednesday, June 18, 2025, its first day of NASDAQ trading – on volume of about 11.75 million shares.
Slide Insurance Holdings Inc. (SLDE) increased its IPO’s size at pricing to 24 million shares – up from 20 million shares in the prospectus – and priced the IPO at $17.00 – the high end of its $15.00-to-$17.00 range – to raise $408 million on Tuesday night, June 17, 2025.
Barclays and Morgan Stanley served as the lead joint book-runners. Citizens Capital, Keefe, Bruyette & Woods and Piper Sandler were on the joint book-running team.
Slide’s IPO attracted big interest before the road show’s launch, the IPO pros said.
“We heard that ‘dedicated insurance-sector accounts’ were likely to get most of the stock,” an IPO pro said. “That’s something that I didn’t even know existed until about a week or so ago.”
Slide Insurance Holdings (SLDE) specializes in providing property and casualty insurance to the owners of single-family homes and condominiums along Florida’s coastline, according to the prospectus. About 99 percent of Slide Insurance’s business is in Florida. The company also serves clients in South Carolina.
Solid profits at Slide and other P&C insurance companies’ successful IPOs gave IPO investors plenty of reasons to go in for Slide’s deal.
For the 12 months that ended March 31, 2025, Slide Insurance reported net income of $238.92 million on revenue of $929.28 million, according to financial statements in the prospectus.
(For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on the IPOScoop.com website.)
Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board.
To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message.
Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions.
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.