FWD mulls shifting US IPO to Hong Kong: report

The insurer is considering shifting its $2b-$3b share sale.

FWD Group is contemplating shifting its $2b-3b share sale from the US to Hong Kong according to a report by Reuters..

The Hong Kong-based company filed for an initial public offering (IPO) in New York back in June. According to the report, FWD is considering the switch because of delays caused by US regulators scrutinising the deal and mild interest from investors.

The FWD Group is owned by Hong Kong billionaire Richard Li.