FWD Group to offer 91.34m shares in HK listing

It’s priced at HK$38.00 (US$4.84) apiece.

FWD Group Holdings Limited has announced plans to list on the main board of the Hong Kong Stock Exchange, offering 91.34 million shares at an indicative price of HK$38.00 (US$4.84) each.

The public offering opens on 26 June 2025 and will close on 2 July. The offering is subject to an over-allotment option.

If the over-allotment option is fully exercised, the insurer expects to raise gross proceeds of approximately HK$3.99b (US$512m). 

Without the over-allotment, the offering would generate about HK$3.47b (US$445m).

The company has secured cornerstone investment from Mubadala Capital, which will subscribe to HK$1.17b (US$150m) worth of shares.

Proceeds from the offering will be used to strengthen FWD Group’s capital base and financial flexibility, including debt reduction. 

Funds will also support business expansion, enhance distribution channels, and accelerate the group’s digital initiatives.

Allotment results will be released on 4 July, with shares expected to begin trading under the stock code 1828 on 7 July. Shares will be traded in board lots of 100.

(US$1.00 = HK$7.85)