Hong Kong tycoon Richard Li's FWD makes U.S. IPO filing public


Source: netscape.com netscape.com

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09/23/2021 21:03 (Reuters) - Insurance company FWD Group Holdings Ltd, owned by Hong Kong billionaire Richard Li, made its filing for a stock market listing in the United States public on Thursday, revealing a jump in revenue last year. The insurer, which will list through an initial public offering, posted revenue of $9.49 billion last year. FWD also said its net loss applicable to shareholders narrowed to $243 million in the year ended December 31, 2020, compared with a $278 million loss a year earlier. The company had confidentially filed for the listing in June. FWD has not yet set...