We are advising Slide on its IPO and Nasdaq listing

Davis Polk is advising Slide Insurance Holdings, Inc. on its upsized SEC-registered initial public offering of 24,000,000 shares of common stock for total gross proceeds of $408 million, of which 16,666,667 shares were issued and sold by the company and 7,333,333 shares were sold by selling stockholders. The selling stockholders have granted the underwriters an option to purchase up to 3,600,000 additional shares of common stock to cover over-allotments. Slide is listed on the Nasdaq Global Select Market under the symbol “SLDE.” Davis Polk also represented certain of the selling stockholders in connection with the offering.

Slide is a technology-enabled, fast-growing, coastal specialty insurer focused on profitable underwriting of single-family and condominium policies in the property and casualty industry in coastal states along the Atlantic seaboard. Slide utilizes its differentiated technology and data-driven approach to focus on market opportunities that are underserved by other insurance companies.

The Davis Polk capital markets team includes partners Richard D. Truesdell Jr. and Stephen A. Byeff, counsel Joseph S. Payne and associates Hope Goimarac and Gabriela N. Gura. Partner Adam Kaminsky and associate Hao (Leo) Hu are providing executive compensation advice. Counsel Sarah E. Kim is providing 1940 Act advice. Partner Kara L. Mungovan and associate Shmuel Dov Sussman are providing tax advice. Members of the Davis Polk team are based in the New York and Washington DC offices.

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