Slide Insurance Holdings, a Florida-based technology-enabled insurance company for homeowners, is making its public debut on the Nasdaq today with an IPO priced at $17 per share. Founded in 2022, the company has expanded rapidly, featuring a broad range of coverage options, and is supported by over 5,000 agents in Florida and South Carolina. The IPO will see 24 million shares issued, aiming to raise $283 million. Slide's financial performance indicates strong growth, showcasing a jump in revenues and net income, highlighting the resilience of new companies even in a challenging economic environment.
Slide Insurance Holdings is set to make its public debut on the Nasdaq at $17 per share, showing strong growth in the competitive insurance market.
With an expected revenue of $843 million for 2024, Slide has demonstrated impressive growth since its inception, reflecting the potential of insurtech companies.
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