Insurance tech company Slide aims to raise $340 million in US IPO

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ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/insurance-tech-company” target=”_blank”>Insurance tech company Slide is aiming for a valuation of $2.12 billion in its Nasdaq data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/definition/ipo”>IPO, the company revealed in a ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/filing” target=”_blank”>filing on Monday.

Slide, along with some existing stakeholders, is looking to raise $340 million in the IPO, joining a lineup of impressive stock market debuts by insurance companies in recent weeks.

Barclays and Morgan Stanely are the lead underwriters on the listing.

The company’s shares are expected to start trading on the Nasdaq under the symbol “SLDE”.

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Insurance tech company Slide aims to raise $340 million in US IPO


ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/insurance-tech-company” target=”_blank”>Insurance tech company Slide is aiming for a valuation of $2.12 billion in its Nasdaq data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/definition/ipo”>IPO, the company revealed in a ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/filing” target=”_blank”>filing on Monday.

Slide, along with some existing stakeholders, is looking to raise $340 million in the IPO, joining a lineup of impressive stock market debuts by insurance companies in recent weeks.

Barclays and Morgan Stanely are the lead underwriters on the listing.

The company’s shares are expected to start trading on the Nasdaq under the symbol “SLDE”.

Discover the stories of your interest



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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