Reuters: IPOX® Vice President Kat Liu Comments on Insurtech Slide's IPO Plans
In a recent Reuters article, IPOX® VP Kat Liu, provided commentary on the upcoming IPO of property insurance technology company Slide. The company is reportedly targeting a valuation of up to $2.12 billion and aims to raise as much as $340 million.
The article highlights a renewed investor interest in IPOs, particularly within the insurance sector, which has seen several successful market debuts recently. It notes that insurance companies are often considered more resilient during market downturns due to increased demand for risk-mitigation products.
Kat Liu, Vice President at IPOX, was quoted in the article, offering her expert analysis on the trend. She stated, "The ongoing hard market in property and casualty lines has also supported strong underwriting margins, making insurers attractive candidates."
Slide, founded in 2021, specializes in home and condominium insurance in Florida and South Carolina. The company has demonstrated significant profit growth and is looking to expand its presence in the Florida market, a region some insurers are leaving due to its susceptibility to natural disasters.
