Slide Insurance Holdings, Inc. Announces Closing of the Full Exercise of Greenshoe Option Granted in the Initial Public Offering
Slide Insurance Holdings (Nasdaq: SLDE) announced the successful completion of the greenshoe option exercise in connection with its IPO. The underwriters fully exercised their option to purchase an additional 3.6 million shares from selling stockholders, bringing the total gross proceeds of the IPO to approximately $469.2 million.
The additional share purchase closed on June 25, 2025. Notably, Slide will not receive any proceeds from this additional share sale. Barclays and Morgan Stanley served as joint book-running managers, while Citizens Capital Markets, Keefe, Bruyette & Woods, and Piper Sandler acted as co-managers for the offering.
Slide Insurance Holdings (Nasdaq: SLDE) ha annunciato il completamento con successo dell'esercizio dell'opzione greenshoe in relazione alla sua IPO. Gli underwriter hanno esercitato completamente l'opzione di acquistare ulteriori 3,6 milioni di azioni dai venditori, portando il totale lordo raccolto con l'IPO a circa 469,2 milioni di dollari.
L'acquisto aggiuntivo delle azioni si è concluso il 25 giugno 2025. È importante notare che Slide non riceverà alcun ricavato da questa vendita aggiuntiva di azioni. Barclays e Morgan Stanley hanno agito come joint book-running managers, mentre Citizens Capital Markets, Keefe, Bruyette & Woods e Piper Sandler hanno svolto il ruolo di co-manager dell'offerta.
Slide Insurance Holdings (Nasdaq: SLDE) anunció la exitosa ejecución de la opción greenshoe en relación con su oferta pública inicial (IPO). Los suscriptores ejercieron plenamente su opción para comprar 3.6 millones de acciones adicionales de los accionistas vendedores, elevando el total bruto recaudado en la IPO a aproximadamente $469.2 millones.
La compra adicional de acciones se cerró el 25 de junio de 2025. Cabe destacar que Slide no recibirá ingresos por esta venta adicional de acciones. Barclays y Morgan Stanley actuaron como gestores conjuntos principales, mientras que Citizens Capital Markets, Keefe, Bruyette & Woods y Piper Sandler fueron co-gestores de la oferta.
Slide Insurance Holdings (나스닥: SLDE)는 IPO와 관련된 그린슈 옵션 행사 성공적으로 완료했다고 발표했습니다. 인수인들은 판매 주주로부터 추가 360만 주를 전액 매수하는 옵션을 행사하여 IPO 총 총수익을 약 4억 6,920만 달러로 늘렸습니다.
추가 주식 매수는 2025년 6월 25일에 마감되었습니다. 주목할 점은 Slide는 이 추가 주식 매각으로부터 어떤 수익도 받지 않는다는 것입니다. Barclays와 Morgan Stanley가 공동 대표 주관사를 맡았으며, Citizens Capital Markets, Keefe, Bruyette & Woods, Piper Sandler가 공동 매니저로 참여했습니다.
Slide Insurance Holdings (Nasdaq : SLDE) a annoncé la réussite de l'exercice de l'option greenshoe dans le cadre de son introduction en bourse. Les souscripteurs ont pleinement exercé leur option d'achat de 3,6 millions d'actions supplémentaires auprès des actionnaires vendeurs, portant le produit brut total de l'IPO à environ 469,2 millions de dollars.
L'achat supplémentaire d'actions s'est clôturé le 25 juin 2025. Il est à noter que Slide ne recevra aucun produit de cette vente additionnelle d'actions. Barclays et Morgan Stanley ont agi en tant que chefs de file conjoints, tandis que Citizens Capital Markets, Keefe, Bruyette & Woods et Piper Sandler ont été co-gestionnaires de l'offre.
Slide Insurance Holdings (Nasdaq: SLDE) gab den erfolgreichen Abschluss der Ausübung der Greenshoe-Option im Zusammenhang mit seinem Börsengang bekannt. Die Underwriter haben ihre Option vollständig ausgeübt, zusätzliche 3,6 Millionen Aktien von verkaufenden Aktionären zu kaufen, wodurch der Bruttoerlös des Börsengangs auf etwa 469,2 Millionen US-Dollar anstieg.
Der zusätzliche Aktienkauf wurde am 25. Juni 2025 abgeschlossen. Bemerkenswert ist, dass Slide von diesem zusätzlichen Aktienverkauf keine Erlöse erhält. Barclays und Morgan Stanley fungierten als gemeinsame Bookrunner, während Citizens Capital Markets, Keefe, Bruyette & Woods und Piper Sandler als Co-Manager des Angebots tätig waren.
- Total IPO gross proceeds reached $469.2 million
- Full exercise of greenshoe option indicates strong market demand
- Strong underwriting syndicate led by major investment banks
- Company receives no proceeds from the greenshoe option exercise
- Additional shares from selling stockholders may increase supply pressure
Insights
Underwriters exercised their full greenshoe option for Slide's IPO, signaling strong demand and increasing total proceeds to $469.2 million.
Slide Insurance Holdings' announcement reveals the underwriters have fully exercised their greenshoe option, purchasing an additional 3,600,000 shares from existing stockholders. This overallotment option is a strong indicator of robust demand for the company's shares following its initial public offering.
The complete exercise of this option has increased the total gross proceeds of the offering to approximately
The transaction was led by prominent financial institutions, with Barclays and Morgan Stanley serving as joint book-running managers, while Citizens Capital Markets, Keefe, Bruyette & Woods, and Piper Sandler acted as co-managers. The full exercise of the greenshoe option typically indicates that the IPO was well-received by investors and that the stock has maintained or increased its value since the initial offering.
This development suggests institutional confidence in Slide's market position within the insurance sector. The successful completion of both the IPO and the greenshoe option establishes Slide as a publicly traded entity with significant market capitalization and liquidity, potentially positioning it for future growth opportunities in the competitive insurance landscape.
TAMPA, Fla., June 25, 2025 (GLOBE NEWSWIRE) -- Slide Insurance Holdings, Inc. (“Slide”) (Nasdaq: SLDE) today announced that, in connection with its previously completed initial public offering of its common stock, the underwriters have fully exercised their option to purchase an additional 3,600,000 shares of common stock from certain selling stockholders of Slide. The purchase of the additional shares closed on June 25, 2025, bringing the gross proceeds from the initial public offering to Slide and the selling stockholders to approximately
Barclays and Morgan Stanley acted as joint book-running managers for the offering. Citizens Capital Markets, Keefe, Bruyette & Woods, A Stifel Company, and Piper Sandler acted as co-managers for the offering.
A registration statement on Form S-1 relating to the offering has been filed with the Securities and Exchange Commission and was declared effective on June 17, 2025. The offering is being made only by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the final prospectus may be obtained from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (or by email at barclaysprospectus@broadridge.com or telephone at 1-888-603-5847) or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.
This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor will there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended, and otherwise in accordance with applicable securities laws in any other jurisdiction.
About Slide
Slide is a technology-enabled insurance company that makes it easy for homeowners to choose the right coverage for their unique needs and budgets. Slide's cutting-edge technology leverages artificial intelligence and big data to optimize and streamline every part of the insurance process. Based in Tampa, FL, Slide was founded by Bruce and Shannon Lucas, insurance insiders with a deep understanding of how technology can be applied to achieve better underwriting outcomes.
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FAQ
What is the total value of Slide Insurance Holdings' (SLDE) IPO after the greenshoe option exercise?
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When did Slide Insurance Holdings (SLDE) complete its greenshoe option exercise?
How many additional shares were sold through Slide Insurance's (SLDE) greenshoe option?
