Tycoon Richard Li’s insurer FWD files to list in Hong Kong amid rising IPO wave

Quick Summary:

The insurer has received preliminary interest from potential investors for its third attempt to list in Hong Kong, sources say.

FWD said the proceeds from its IPO would be used to strengthen its capital to prepare for future business expansions.“Such amounts, which contribute to our capital adequacy ratios, also form part of the regulatory capital base required to support growth and opportunities to further penetrate customer and channel reach across our operations, including the enhancement of our digital capabilities and strategy,” FWD said in its filing.

FWD’s filing with the exchange did not mention a timeline or a fundraising target.

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Article Details

Author / Journalist: Enoch Yiu

Category: Business

Markets: Hong KongChina

Topics: Trading Capital Hong Filing Kong Year Largest World’s Offering Insurer Listing

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-19 @ 21:23:24 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 259 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 28833466

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