May 23 (Reuters) - Slide Insurance has revealed a more

than 80% rise in revenue as it filed for its initial public

offering on Friday in the United States in another sign of

recovery in the IPO market.

The IPO market has reopened as financial markets recover

sharply amid progress in trade talks, giving companies the

opportunity to list their shares after several months of

tariff-driven turbulence.

The Tampa, Florida-based insurer saw its total revenue jump

nearly 81% to $846.8 million in 2024 compared with $468.5

million in the previous year, according to the regulatory

filing.

Slide did not disclose the amount it plans to raise from its

offering.

Launched in 2021, Slide focuses on underwriting

single-family and condominium policies in the property and

casualty industry in coastal states along the Atlantic seaboard.

The firm will list its common stock on the Nasdaq Global

Select Market under the symbol "SLDE".

Barclays and Morgan Stanley are the underwriters for the

offering.