Reuters exclusively reports Richard Li’s FWD considers shifting IPO to Hong Kong - Reuters News Agency
Business & Finance

Reuters exclusively reports Richard Li’s FWD considers shifting IPO to Hong Kong

Reuters revealed that Asian insurer FWD Group, controlled by Hong Kong billionaire Richard Li, is contemplating shifting its $2-3 billion share sale from the United States to Hong Kong. The Hong Kong-based company, which filed confidentially in June for the New York initial public offering (IPO), is considering the switch amid delays by U.S. regulators scrutinizing the plan and lackluster interest from investors. 

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & FinanceEquitiesFinancial Services
Regions: Asia
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
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