Billionaire Richard Li’s FWD Wins Nod for Hong Kong IPO
- Insurer shifted its IPO plan from US to Hong Kong last year
- Asian company hasn’t decided timing of Hong Kong offering
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FWD Group Holdings Ltd., the Asian insurer backed by Hong Kong billionaire Richard Li, has won approval for its planned initial public offering in the city, according to a person with knowledge of the matter.
The company received the green light following a hearing Thursday with the Hong Kong bourse’s listing committee, according to the person, who asked not to be identified as the information is private. The company hasn’t decided when to launch the IPO, the person added.