FWD Group files registration statement for proposed IPO Insurance Business Asia

Source: insurancebusinessmag.com insurancebusinessmag.com

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Life insurer FWD Group has filed a registration statement with the US Securities and Exchange Commission relating to a proposed initial public offering of American depository shares (ADSs), representing Class A ordinary shares of FWD Group. FWD first announced its intention to go public back in June. However, the number of ADSs to be offered and the price range for the proposed offering has yet to be determined. Morgan Stanley & Co., Goldman Sachs Asia, J.P. Morgan Securities, HSBC Securities USA and CMB International Capital serve as the underwriter representatives and joint managers for the proposed offering, which will be...