FWD gets greenlight for IPO

The group plans to raise $1b.

Asian insurer FWD Group Holdings Ltd has received a greenlight for its planned $1b initial public offering (IPO) in Hong Kong, according to reports.

An insider said the group received approval following a hearing with the Hong Kong bourse’s listing committee. The insider added that FWD has yet to decide when to launch the IPO

The company received the green light following a hearing Thursday with the Hong Kong bourse’s listing committee, according to the person, who asked not to be identified as the information is private. The company hasn’t decided when to launch the IPO, the person added.

FWD was initially targeting a US listing before making its decision to switch to Hong Kong in February. FWD Group is backed by Hong Kong billionaire Richard Li.

You may also like:

MAS charges insurance agents for breach of Financial Advisers Act

Singapore-based insurtech anycover clinches $450k funding

Paytm launches joint venture general insurance firm

Follow the link for more news on

FWD

Richard Li

Also Read

Climate change alters insurer risk management: S&P

Hanwha Life acquires 75% stake in US firm Velocity Clearing

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit