Slide Insurance Launches 20 Million-Share IPO Ahead of Nasdaq Debut

Slide Insurance Holdings, Inc. is stepping into the public arena with a fresh filing, inviting investors to take 20 million freshly minted shares of common stock. Each share carries a modest par value of just a penny.

The transaction is split so that the company itself will release a neat 16,666,667 shares while certain insiders unload another 3,333,333 from their personal stacks. Exact figures like that never sound spontaneous, but they are the way this business keeps its math tidy.

Standard practice grants the underwriters a quick-margin cushion. In this case the syndicate is likely to pocket up to 3 million extra shares on the same terms-good for them, slightly inflationary for anyone still scoring the deal in pencil.

Price talk sits between $15 and $17, a narrow band that hints at confidence yet never promises the moon.

Nasdaq watchers should look for the ticker SLDE, short and askew from most existing symbols.

Barclays and Morgan Stanley are wielding the big red stapler, serving as joint book-running chiefs; Citizens Capital Markets, Stifel-owned Keefe Bruyette & Woods and Piper Sandler are riding shotgun as co-managers.

Numbers circulating ahead of the road show offer a pep rally of sorts. First-quarter 2025 earnings showed $92.5 million in net profit resting below revenue of $281.6 million, a healthy bump from the $54.7 million net and $199.1 million top-line posted one year prior.