INSUBCONTINENT EXCLUSIVE:
FWD Group has launched its long-anticipated initial public offering (IPO) in Hong Kong, as the pan-Asian insurer founded by local tycoon
Richard Li Tzar-kai approaches the end of a four-year odyssey for capital that has taken it from New York back to his hometown.
FWD plans to
sell 91.34 million shares at HK$38 each, according to a filing on Thursday to the Hong Kong exchange, valuing the insurer at HK$48.3 billion
The insurer could upsize the IPO to 105 million shares and...
