Hong Kong tycoon Richard Li's insurance arm gears up for $3bn IPO – Nikkei Asia

Insurer FWD has filed for an IPO in the U.S. (Source photos by Getty Images) NARAYANANA SOMASUNDARAM, Nikkei Asia regional finance editor September 24, 2021 11:53 JST | Hong Kong Copy Copied HONG KONG — Billionaire Richard Li’s insurance business FWD is gearing up for an up to $3 billion initial public offering in the U.S. this year. The acquisitive insurer, which released its share-offering prospectus in early Asian hours on Friday, plans to complete the offering in the fourth quarter, two people familiar with the plans said. The fundraising could range between $2 billion and $3 billion, they said….