Coastal insurer Slide set for Nasdaq debut after upsized $408 million IPO
** Slide Insurance is set to begin trading on Nasdaq on Wednesday under the symbol "SLDE"
** Coastal specialty insurer and some of its existing shareholders sold 24 million shares at $17 apiece to raise $408 million
** They had earlier marketed 20 million shares priced between $15 and $17 each
** Slide's listing is the fourth insurance IPO in New York since May
** Tampa, Florida-based Slide provides family and condominium insurance policies for coastal states along the Atlantic seaboard
** Founded in 2021, Slide's business is heavily concentrated in Florida — a market where some large national insurers have scaled back their presence in recent years due to frequent natural disasters
** Barclays and Morgan Stanley were the joint book-running managers for the offering
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