FWD eyes IPO in Hong Kong
FWD is contemplating a Hong Kong IPO after 5 years of progress fuelled by acquisitions.
Board chairman Richard Li is claimed to be laying the groundwork for a possible IPO, individuals aware of the event mentioned.
Backed by Swiss Re, the corporate is contemplating a list that might happen throughout the subsequent couple of years, the sources mentioned.
Already, FWD has had preliminary talks with funding banks a few attainable IPO as a part of common conferences in regards to the insurer’s technique. The situation being thought of for the IPO is Hong Kong.
FWD manages greater than US$26.6 billion of belongings and had greater than 2.7 million clients unfold throughout eight Asian markets on the finish of final yr, in line with its web site.
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