Billionaire Richard Li’s FWD to raise US$1.4b, weighs Hong Kong IPO: sources

December 14, 2021 2:15 PM

HONG KONG (BLOOMBERG) – Billionaire Richard Li’s FWD Group is nearing a deal to raise more than US$1.4 billion in a private placement as the Asian insurer prepares for a potential Hong Kong initial public offering after its US listing plan stalled, according to people familiar with the matter.

Source : http://www.straitstimes.com/business/companies-markets/billionaire-richard-lis-fwd-to-raise-us14b-weighs-hong-kong-ipo-sources