Slide Insurance (SLDE) ticks higher in Florida insurer IPO push
Slide Insurance Holdings shares rose 0.4% to $18.71 Tuesday, lifting its market cap to nearly $2.56 billion. Safepoint set a target valuation of up to $1.16 billion in a planned U.S. IPO, putting focus on Florida property insurers. Slide last reported first-quarter net income up 50.8% at $139.5 million and announced a $100 million buyback.