FWD eyes IPO in Hong Kong

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.

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