Neptune Insurance Secures $368 Million in Initial Public Offering in the U.S.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 30 2025
0mins
Source: Reuters
Neptune Insurance IPO Details: Neptune Insurance successfully priced its New York IPO at $20 per share, raising $368 million and achieving a valuation of $2.76 billion, with shares sold by the company and existing shareholders.
Market Context and Demand: The IPO comes amid a resurgence in U.S. IPO activity, particularly in the insurance sector, driven by increasing demand for flood insurance due to climate change, as well as easing concerns over trade policies.
Analyst Views on SLDE
Wall Street analysts forecast SLDE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SLDE is 22.25 USD with a low forecast of 21.00 USD and a high forecast of 25.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 16.610
Low
21.00
Averages
22.25
High
25.00
Current: 16.610
Low
21.00
Averages
22.25
High
25.00
About SLDE
Slide Insurance Holdings, Inc. is a technology-enabled coastal specialty insurer. The Company has one reportable segment: insurance. The insurance segment provides residential homeowners insurance. The Company is focused on underwriting of single family and condominium policies in the property and casualty (P&C) industry in coastal states along the Atlantic seaboard through its insurance subsidiary, Slide Insurance Company (SIC). The Company writes several homeowners’, condominium owners’, and commercial residential products in coastal specialty markets in Florida and South Carolina. The Company acquires policies both from inorganic block acquisitions and subsequent renewals, as well as new business sales through a combination of independent agents and its direct-to-consumer (DTC) channel, through which the Company sells its insurance products directly to end consumers, without the use of retailers, brokers, agents or other intermediaries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
