FWD To Raise Up To $3bn in US IPO
Hong Kong insurer FWD is targeting to raise up to $3bn via an IPO in the US next month with a valuation of around $13bn as per a source. SCMP reports that HSBC, JPMorgan, Morgan Stanley, and Goldman Sachs are leading the share listing. If successful, it would be the...
FWD to Raise Up to $2.5bn via US Listing; Valued at $13bn
Hong Kong insurance player FWD has filed for an IPO to list in the US. The equity issuance could raise $2-2.5bn, valuing the company at about $13bn. The move clarifies rumors over the past two years about a listing either in Hong Kong or the US. Refinitiv notes that...
