June 9 - (The Insurer) - Slide Insurance on Monday announced an initial public offering of 20 million shares which it expects to be priced between $15 and $17 each on the Nasdaq Global Select Market, potentially raising as much as $340 million.

Tampa-based Slide, which was founded by Bruce and Shannon Lucas, describes itself as a technology-enabled insurance company "that makes it easy for homeowners to choose the right coverage for their unique needs and budgets".

Reuters reported that Slide is aiming for a valuation of up to $2.12 billion in its IPO.

Slide said in a statement it is offering 16,666,667 shares and certain selling stockholders are offering 3,333,333 shares of common stock. Barclays and Morgan Stanley are acting as joint book-running managers, with Citizens Capital Markets, Keefe, Bruyette & Woods and Piper Sandler acting as co-managers for the IPO.

The company said the IPO is subject to market conditions, and "there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms".

Slide is the second Florida carrier to go public this year, following the IPO of American Integrity last month. Tampa-based American Integrity began trading on the New York Stock Exchange the same day that Bermudian (re)insurer Aspen also floated. In addition, E&S carrier Ategrity Specialty announced an expected price range for its IPO on the New York Stock Exchange last week.