FWD Postpones Planned $1bn HK IPO due to Volatility
Insurance company FWD postponed its planned $1bn Hong Kong IPO due to market volatility. In early May, FWD received approval for its Hong Kong listing but decided not to proceed with it at the moment. The company will explore the listing plan before the end of 2022 if...
Cathay’s Dollar Bond Jumps 3 Points as Hong Kong Plans Easing Travel Curbs
Dollar Bonds of Cathay Pacific rallied over 4 points on news that Hong Kong plans to ease its travel curbs. This included lifting of its flight ban on 9 countries and relaxing mandatory quarantine to 7 days from 14. In early March, Cathay had said that capacity of its...
FWD’s Hong Kong IPO Filing Likely on Monday
FWD Group is close to filing an IPO to raise about $1bn at the Hong Kong stock exchange as per sources reported by Bloomberg. The listing may take place by H1 2022, though it depends on market volatility and demand. The Hong Kong listing plan comes after FWD dropped...
FWD Raises $200mn via pre-IPO Funding
Hong Kong insurer FWD raised $200mn in funding ahead of its planned Hong Kong IPO, as per two sources. The sources said that the funds were raised via a private placement with ORIX Corp and Huatai Securities Co. being two new investors. FWD has now raised $1.6bn in...
