, Hong Kong

Hong Kong's FWD files for US IPO

It is considering about $2b in the US share sale.

Hong Kong-based FWD has confidentially filed for an initial public offering (IPO) in the United States, reports Bloomberg.

The holding company of FWD and FWD Group has submitted a draft registration with the US Securities and Exchange Commission for the planned share sale, according to a statement, but didn’t specify the size and timeline of the offering.

Backed by billionaire Richard Li, FWD is considering raising about $2b in the US share sale, according to sources. A listing could value the insurer at about $13b. Details could still change as deliberations are ongoing, sources added.

The insurer’s new business value reached $617m in 2020, a 24% increase from a year earlier, according to a separate filing with Hong Kong regulators. 

The company reported a net loss of $243m on $9.5b revenue last year, compared with a $278m loss in 2019.

Here's more from Bloomberg.

Follow the links for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!