Coastal insurer Slide, backers raise $408 million in US IPO
(Reuters) -Slide Insurance and some of its existing shareholders raised $408 million in an initial public offering in the United States, the coastal specialty insurer said on Tuesday.
The Tampa, Florida-based company and some of its backers, including HSCM Bermuda, sold 24 million shares in an upsized IPO priced at $17 apiece.
The insurance sector has emerged as a focal point in the IPO market, which is rebounding after sweeping tariffs introduced during President Donald Trump's administration temporarily shut the window for weeks.
Recent listings in the industry include Apollo-backed Aspen Insurance, Florida-based American Integrity Insurance and specialty insurer Ategrity, all of which went public in New York since May.
Founded in 2021, Slide provides family and condominium insurance policies for coastal states along the Atlantic seaboard.
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