Slide Insurance discloses 81% revenue jump in 2024 in its US IPO filing

Slide Insurance has revealed a more than 80% rise in revenue as it filed for its initial public offering on Friday in the United States in another sign of recovery in the IPO market.

The IPO market has reopened as financial markets recover sharply amid progress in trade talks, giving companies the opportunity to list their shares after several months of tariff-driven turbulence.

The Tampa, Florida-based insurer saw its total revenue jump nearly 81% to $846.8 million in 2024 compared with $468.5 million in the previous year, according to the regulatory filing.

Slide did not disclose the amount it plans to raise from its offering.

Launched in 2021, Slide focuses on underwriting single-family and condominium policies in the property and casualty industry in coastal states along the Atlantic seaboard.

The firm will list its common stock on the Nasdaq Global Select Market under the symbol "SLDE".

Barclays and Morgan Stanley are the underwriters for the offering.