News Snapshot:
HONG KONG - FWD Group Holdings, the Asian insurer backed by billionaire Richard Li, is weighing 2023 as a new target for its long-awaited Hong Kong initial public offering (IPO), according to people familiar with the matter. FWD, which in May decided to postpone its listing in the Asian financial hub due to a weak market, is working towards a potential share sale as early as the first quarter next year, the people said, asking not to be identified because the matter is private. The insurer has been seeking to raise about US$1 billion in an IPO, although the final...
