Angelica Ballesteros
1 min read
In This Article:
Slide Insurance Holdings, Inc. (NASDAQ:SLDE) is one of the 10 Stocks End Trading Week Soaring, Outshining Wall Street.
Slide Insurance rallied by 15.06 percent on Friday to close at $23.30 apiece, its second day as a publicly listed company, reflecting strong investor confidence.
Under its upsized initial public offering (IPO), Slide Insurance Holdings, Inc. (NASDAQ:SLDE) offered 24 million shares at a price of $17 apiece, potentially raising $408 million in fresh funds.
Of the total, 16.6 million shares were offered by the company, while the remaining 7.3 million shares were sold by certain stockholders.
Slide Insurance Holdings, Inc. (NASDAQ:SLDE) also granted the underwriters a 30-day option to acquire up to 3.6 million shares.
A woman in a business suit in an insurance office, analyzing a policy.
Slide Insurance Holdings, Inc. (NASDAQ:SLDE) is a technology-enabled property insurance company that offers customizable coverage options that suit their unique needs and budgets.
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READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
