Hong Kong-headquartered Asian life insurer FWD has made another application to make an initial public offering IPO on the Hong Kong Stock Exchange HKEX.
This means the company, which has made several similar filings in the past few years and is backed by Hong Kong billionaire Richard Li, has six months to conduct an IPO which could raise hundreds of millions of US dollars.
FWD made an A1 filing on May 19. Goldman Sachs and Morgan Stanley have been appointed as overall coordinators.
FWD was founded in 2013 and has operations across Asia, including Hong Kong, the Philippines, Thailand, Malaysia, Macau,...
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