Billionaire Richard Li’s FWD Files for Hong Kong IPO

FWD Group Holdings Ltd. Hong Kong billionaire Richard Li has filed for an initial public offering in the city, joining a growing cohort of companies shifting their fundraising plans to the Asian financial hub from New York.

FWD, a fast-growing life insurer with operations in 10 Asian markets, filed its application with the Hong Kong stock exchange on Monday. The company is aiming to raise about $1 billion through the sale of stock, according to a person familiar with the matter.


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