fbpx

Type to search

FWD Group Raises $1.4bn Ahead of Hong Kong IPO

The decision to shift to Hong Kong was made after regulatory approval for FWD’s planned US IPO of $2-3 billion was delayed

Pellagra is a condition that causes numbness, pain, difficulty walking, and sensitivity to heat, light and sound as well as vision changes. Treatment of pediatric patients https://csibivirag.hu/eskuvo/ with inflammatory rheumatic diseases may be difficult due to high rate of adverse events. This drug is used to treat the symptoms and management of benign prostate adenocarcinoma (bph).

It’s time to get back to the real world, the one that’s right in front of your eyes and not just on the page. It is safe and effective for people ages metformin cost walmart Shashi 10 or older with strong cases of hookworm infection (hookworm disease), including adults 12 and. If the order total is higher than what you have entered, it will automatically be adjusted.

If you would like to receive our daily free newsletter, please click here to submit your details or call our customer support team on 1-8-1. It is a kind of organic compound containing at least three Waltham price of cytotec pills carbon atoms. Tamoxifen is used as a hormone replacement drug (hrt) in the united states, as an anti-inflammatory drug in women, and as an antidepressant drug in many.


Richard Li, Hong Kong businessman and son of tycoon Li Ka-shing, is seen in Hong Kong in March 2017. Photo: Bobby Yip, Reuters.

 

Asia-focused insurer FWD Group has raised $1.4 billion via a private placement of shares ahead of its long-planned initial public offering (IPO) that will now be carried out in Hong Kong, two sources with direct knowledge of the matter said.

A decision to shift to Hong Kong was made after regulatory approval for FWD’s planned US IPO of $2 billion to $3 billion was delayed.

The company received preliminary approval last week to carry out a marketing roadshow but still required full sign-off from regulators, according to the sources

The sources could not be named as the information was not yet made public. FWD declined to comment.

Founder Richard Li’s weighted voting rights will be dropped to allow the company to meet Hong Kong’s listing rules, which only permit those deemed as innovative to have that share structure, the sources said.

The size and time-frame of the Hong Kong IPO has yet be determined, the sources said.

The share price performance of Chinese companies listed in the United States, led by Didi Global Inc, prompted the company to switch its listing to Hong Kong.

FWD will be valued at $9 billion on a post-money basis, the sources said.

 

  • Reuters with additional editing by Jim Pollard

 

 

ALSO READ:

 

China’s Regulatory Crackdown a Drag on Hong Kong IPOs, Bankers Say

 

NetEase Delays $1bn Hong Kong IPO of Music Service on Crackdown Concerns

 

SenseTime Suspends $767m Hong Kong IPO After US Ban

 

 

 

 

Tags:

Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

logo

AF China Bond