FWD files for US IPO

The pan-Asian life insurer is owned by Hong Kong billionaire, Richard Li.

The FWD Group Holdings Limited has announced its intention to go public through the U.S. Securities and Exchange Commission.

In its announcement, FWD Group said that the number of American depositary shares (ADS) to be offered and the price range for the proposed offering have not yet been determined, however, the initial public offering is expected to raise up to $3b.

Morgan Stanley & Co. LLC, Goldman Sachs (Asia) L.L.C., J.P. Morgan Securities LLC, HSBC Securities (USA) Inc. and CMB International Capital Limited are serving as representatives of the underwriters and joint book-running managers for the proposed offering.

The insurer earned $6.02b in revenue for the first six months of 2021, a significant increase from $3.94b it earned for the same period last year.

Follow the link for more news on

FWD

FWD Group US IPO

Also Read

Philippine life insurance sector slated for 5.4% CAGR by 2028

Property insurance industry to exceed $152b by 2028

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