The Sunshine State’s rising insurance player is heading to Wall Street. Tampa-based Slide Insurance launched its $320 million initial public offering Monday, backed by powerhouse legal and banking teams, signaling a major leap for the residential insurer betting big on hurricane-prone markets.
With ambitions as bold as a tropical storm, Slide is offering 20 million shares priced between $15 and $17 each, according to its latest filings with the U.S. Securities and Exchange Commission. The company has enlisted an elite legal roster to steer the deal, including Skadden Arps Slate Meagher & Flom LLP, Greenberg Traurig LLP, and Davis Polk & Wardwell LLP.
IPO Momentum Gathers After May Filing
The move follows Slide’s May 23 public filing, and the momentum is unmistakable. Now officially marketing its shares, the company aims to turn Wall Street’s head toward the high-stakes world of coastal property insurance, a sector marked by climate volatility—and massive premium potential.
Founded in 2022, Slide targets high-risk but high-demand markets in the Southeast U.S., especially Florida and South Carolina. Its product lineup spans home, condo, and commercial property insurance, areas with rising climate exposure and diminishing insurer participation.
With a rapidly growing network of 5,000 agents, Slide believes it has the infrastructure to scale its market presence—and the IPO cash will supercharge that ambition.
