Richard Li’s FWD ‘plans up to US$3b Hong Kong IPO’ Hong Kong


Source: chinadailyhk.com chinadailyhk.com

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Richard Li's FWD 'plans up to US$3b Hong Kong IPO' By Bloomberg Wednesday, September 23, 2020, 22:55 By Bloomberg This undated photo shows Hong Kong billionaire Richard Li, who is said to lay the groundwork for a potential initial public offering of his insurance company FWD Group. (PAUL YEUNG / BLOOMBERG) FWD Group Ltd, the Asian insurer backed by billionaire Richard Li , has picked banks for its planned Hong Kong initial public offering that could raise as much as US$3 billion, according to people familiar with the matter. FWD has selected Goldman Sachs Group Inc, JPMorgan Chase & Co...