Hong Kong Billionaire Richard Li’s Insurer FWD Debuts In Long-Awaited IPO

Hong Kong Billionaire Richard Li’s Insurer FWD Debuts In Long-Awaited IPO

FWD is majority-owned by Li’s Pacific Century Group. Li owns a 66.45% stake in FWD worth $4.1 billion.

Richard Li’s FWD rises in HK debut, reversing earlier decline

Billionaire Richard Li’s FWD Group Holdings Ltd. rose in its Hong Kong trading debut, reversing earlier declines, after an initial public offering that raised HK$3.5 billion ($442 million). The insurer’s stock climbed as much 2.1% to HK$38.80 on Monday, reversing a drop of as steep as 2.5%. It was at HK$38.40, up 1.1%, at the midday break. The debut comes after the tycoon—son of famed Hong Kong businessman Li Ka-shing—tried to take the company p…

FWD rises as it ends listing quest with a win in its hometown market

The Hong Kong IPO is not the end-game for the home-grown Hong Kong insurer, as its CEO Huynh eyes a new growth phase.

Insurer FWD makes debut on Hong Kong bourse

Hong Kong’s insurer FWD Group Holdings Limited has on Monday commenced its first day of trading on the Main Board of The Stock Exchange of Hong Kong Limited (HKEX) under the stock code 1828. The firm’s Founder and Pacific Century Group Chairman Richard Li Tzar Kai said in a statement that the firm is an international team of financial professionals focused on the fastest-growing insurance market in the world – Asia. “Today’s listing is an import…

Hong Kong - Linklaters Advises FWD Group On Its US$442m HKEX IPO. - Conventus Law

Linklaters acted as Hong Kong counsel for FWD Group Holdings Limited (FWD Group) on its HK$3.5bn (US$442m) global offering and successful listing on the Main Board of the Hong Kong Stock Exchange (HKEX). Founded in 2013 by Mr. Richard Li, FWD Group is a pan-Asian life insurer with a customer-led and tech-enabled model. The Linklaters team was led by corporate partners Roger Cheng and Donnelly Chan and counsel Tiffany Yan. Partner Roger Cheng com…

Hong Kong Insurer FWD Makes Market Debut

After pulling out from previous listing applications, insurer FWD has finally made its market debut on the Hong Kong exchange. FWD has begun its first day of trading on the main board of the Hong Kong Stock Exchange, according to a statement. The insurer said that it intends to use the net proceeds from the listing to «further enhance its capital position and financial flexibility, which may involve reducing debt, to support growth and opportuni…