FWD eyes IPO in Hong Kong

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FWD is considering a Hong Kong IPO after five years of growth fuelled by acquisitions.

Board chairman Richard Li is said to be laying the groundwork for a potential IPO, people familiar with the development said.

Backed by Swiss Re, the company is considering a listing that could take place within the next couple of years, the sources said.

Already, FWD has had preliminary talks with investment banks about a possible IPO as part of regular meetings about the insurer’s strategy. The location being considered for the IPO is Hong Kong.

FWD manages more than US$26.6 billion of assets and had more than 2.7 million customers spread across eight Asian markets at the end of last year, according to its website.

The post FWD eyes IPO in Hong Kong appeared first on InsuranceAsia News.

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