Billionaire Richard Li’s Insurer FWD Refiles For Hong Kong IPO

Billionaire Richard Li’s Insurer FWD Refiles For Hong Kong IPO

With total assets of $53.7 billion, FWD Group has launched its fourth IPO attempt in Hong Kong, tapping into surging investor interest following battery giant CATL’s landmark listing.

FWD Group Holdings, an insurer backed by billionaire Richard Li, the son of businessman Li Ka-Shing, filed a new application for an initial public offer in Hong Kong. The insurer's application, filed on the Hong Kong Stock Exchange, confirmed a previous Bloomberg News report that indicated that it could even be filed on Monday. Morgan Stanley and Goldman Sachs Group are joint sponsors, while HSBC Holdings is the financial advisor, as requested.W…

Richard Li’s FWD files to list in Hong Kong amid rising IPO wave

The insurer has received preliminary interest from potential investors for its third attempt to list in Hong Kong, sources say.

Tycoon Li’s FWD Is Said to File for Hong Kong IPO Soon as Monday

FWD Group Holdings Ltd., an insurer backed by billionaire Richard Li, is close to filing a fresh application for an initial public offering in Hong Kong, according to people familiar with the matter.

FWD Resubmits Hong Kong IPO Application Amid Market Recovery - Fintech Hong Kong

FWD Group, an insurance company backed by billionaire Richard Li Tzar-kai, submitted a new application for an initial public offering in Hong Kong on 19 May 2025, according to a press release from the group. The insurer’s application to the Hong Kong Stock Exchange confirmed an earlier Bloomberg report that it might be filed as early as Monday. Morgan Stanley and Goldman Sachs Group Inc. are acting as joint sponsors, with HSBC Holdings Plc servi…

Richard Li’s IPO saga may end with a whimper

The tycoon is trying to float his Asian insurer for the fifth time. The business is mature, generating cash and Hong Kong stocks are rebounding but nabbing its earlier $9 bln valuation looks tough. Early backers Apollo and Swiss Re may be happy just to get the thing listed.