Rumours about an IPO started circulating in August 2021 , when reports alluded at a $3bn (£2.2bn, €2.6bn) listing in the US. But [issues were raised by the Securities and Exchange Commission] in October 2021 about potential risks linked to the Chinese government extending its authority over Hong Kong-based companies. FWD then went on to raise around $1.43bn from investors via subscriptions agreements, which was expected to complete in December 2021. Then, in January 2022, the insurer managed to raise an additional $200m from two investors who participated in a private placement ahead of its IPO listing, bringing the total...