Slide Insurance (SLDE) rises 15% on IPO debut

From Yahoo Finance: 2025-06-21 18:22:00

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) soared by 15.06% to $23.30 on Friday, its second day as a publicly listed company, reflecting strong investor confidence. The company offered 24 million shares at $17 each in its upsized IPO, potentially raising $408 million. Of these, 16.6 million shares were offered by the company, while 7.3 million were sold by certain stockholders. Additionally, Slide Insurance granted underwriters a 30-day option to acquire up to 3.6 million shares. With customizable coverage options, Slide Insurance is a technology-enabled property insurance company catering to unique needs and budgets. While SLDE shows investment potential, other AI stocks may offer higher returns with limited downside risk. For more insights, check out the best short-term AI stock.



Read more at Yahoo Finance: Slide Insurance (SLDE) Skyrockets 15% on Strong Investor Confidence