Richard Li News

Hong Kong’s FWD Weighs Pre-IPO Round as Listings Slow: Sources

FWD Group Holdings Ltd. is weighing a private funding round as the Asian insurer’s long-planned initial public offering is set to be delayed again amid weak market conditions, according to people familiar with the matter. Hong Kong billionaire Richard Li’s …

Hong Kong’s FWD to File Again for IPO Application: Sources

FWD Group Holdings Ltd., the pan-Asian insurance company owned by Hong Kong billionaire Richard Li, is planning to file for a third time for an initial public offering in the financial hub, according to people familiar with the matter. The …

Hong Kong’s FWD Group Raises $1.8 Billion in Private Placements Over Past 2 Years

FWD Group Holdings Ltd. raised a total of $1.8 billion in private placements over the past two years, as the pan-Asian insurance company owned by Hong Kong billionaire Richard Li moves a step closer to its planned initial public offering. …

FWD to Buy Majority Stake in Malaysian Insurer Ahead of Planned IPO

FWD Group Holdings Ltd., the pan-Asian insurance company owned by Hong Kong billionaire Richard Li, has agreed to buy a majority stake in Gibraltar BSN Life Bhd., a move that allows it to tap into the Southeast Asian market’s growth …

Hong Kong Tycoon Richard Li Weighs $200M Investment in Insurer FWD: Sources

Hong Kong billionaire Richard Li is weighing investing about $200 million in his insurance company FWD Group Holdings Ltd. as part of a funding round, people familiar with the matter said. An investment would help support the insurer’s growth plans …

Hong Kong Insurer FWD Refiles Application for Hong Kong IPO, Eyeing 2023 Listing

FWD Group Holdings Ltd., the Asian insurer backed by billionaire Richard Li, has refiled an application for a Hong Kong initial public offering as it now weighs a listing next year amid market volatility. The renewed filing will grant more …

Asian Insurer FWD Eyes Hong Kong IPO in 2023: Sources

FWD Group Holdings Ltd., the Asian insurer backed by billionaire Richard Li, is weighing 2023 as a new target for its long-awaited Hong Kong initial public offering, according to people familiar with the matter. FWD, which in May decided to …

Insurer FWD Delays $1 Billion Hong Kong IPO: Sources

Asian insurer FWD Group has delayed its $1 billion Hong Kong initial public offering (IPO) because of volatile financial markets, according to three sources with direct knowledge of the matter. FWD declined to comment. The sources could not be named …

Insurer FWD Wins Approval for Hong Kong IPO

FWD Group Holdings Ltd., the Asian insurer backed by Hong Kong billionaire Richard Li, has won approval for its planned initial public offering in the city, according to a person with knowledge of the matter. The company received the green …

Insurtech Unicorn Bolttech Weighs Raising $300M in Fresh Funds

Bolttech, an insurance technology unicorn backed by Hong Kong billionaire Richard Li, is considering raising $200 million to $300 million in fresh funds this year, according to people familiar with the matter. The Singapore-based company is working with financial advisers …