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Hong Kong tycoon Richard Li's FWD makes US IPO filing public

September 24, 2021
Source: channelnewsasia.com channelnewsasia.com
News Snapshot:
Insurance company FWD Group Holdings Ltd, owned by Hong Kong billionaire Richard Li, made its filing for a stock market listing in the United States public on Thursday, revealing a jump in revenue last year. The insurer, which will list through an initial public offering, posted revenue of US$9.49 billion last year. FWD also said its net loss applicable to shareholders narrowed to US$243 million in the year ended December 31, 2020, compared with a US$278 million loss a year earlier. The company had confidentially filed for the listing in June. FWD has not yet set the terms for its...
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Tags: acquisition | ASIA | bank | Business | Casino | CMB | Goldman Sachs | Hong Kong | HSBC | initial public offering | insurance | international | ipo | IT | KONG | listing | loss | Macau | Morgan Stanley | Reuters | revenue | Richard Li | stock market | Thailand | United States

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