FWD is the insurance business of investment group, Pacific Century Group. Photo: Shutterstock
FWD is the insurance business of investment group, Pacific Century Group. Photo: Shutterstock
IPO

exclusive | Richard Li’s insurer FWD drops New York listing to sell shares in Hong Kong after a US$1.4 billion private placement with global investors

  • FWD will raise more than US$1.4 billion in a private share placement to global investors including Apollo, CPPIB, Swiss Re and Siam Commercial Bank
  • The Hong Kong insurer plans to sell shares in the city in the first half of 2022, dropping its listing plan in New York, a source said

Topic |   IPO
FWD is the insurance business of investment group, Pacific Century Group. Photo: Shutterstock
FWD is the insurance business of investment group, Pacific Century Group. Photo: Shutterstock
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