American homeowners insurance provider Slide (SLDE.US) made its debut on Nasdaq tonight with an IPO pricing at $17 per share.

American home insurance provider Slide Insurance Holdings plans to issue 24 million shares of stock in its initial public offering (IPO) at a price of $17 per share to raise $408 million. This offering price is at the high end of the price range of $15-17 per share previously announced by the company. Additionally, the number of shares to be issued is 20% higher than previously expected. The company is set to debut on the Nasdaq on June 18th, with the stock ticker symbol "SLDE". Slide is a well-known home insurance provider in the southern coastal region of the United States, focusing on providing comprehensive insurance services for local residents and commercial residential properties. Through its insurance subsidiaries, the company primarily operates in the Florida coast (accounting for 99.5%) and South Carolina (accounting for 0.5%), covering single-family homeowners, apartment owners, and other commercial residential properties, providing them with residential property insurance services. It is worth mentioning that Slide controls various aspects of the insurance value chain, covering underwriting, distribution, and claims processing, which helps the company maximize profitability, improve overall operational efficiency, and create greater value for shareholders. In the 12 months ending March 31, 2025, the company's revenue reached $9.29 billion.