Reported about 10 hours ago
FWD Group, an Asian insurance company backed by billionaire Richard Li, has debuted on the Hong Kong Stock Exchange on July 7, 2025. The shares opened at HK$38 and closed at HK$38.40, raising HK$3.5 billion through the sale of 91.34 million shares. The IPO aims to strengthen the insurer's capital and support expansion, particularly in digital capabilities and market presence. This marks FWD's third attempt at going public, following previous delays due to regulatory hurdles and market volatility.
Source: YAHOO