Deals
Tycoon Richard Li Insurer FWD Files for $2 Billion U.S. IPO
- FWD has filed confidentially for planned U.S. share sale
- A listing could take place as soon as later this year
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FWD, the acquisitive Asian insurer backed by billionaire Richard Li, has filed confidentially for a U.S. initial public offering, moving ahead with preparations for a long-awaited listing.
The holding company of FWD Ltd. and FWD Group Ltd. has confidentially submitted a draft registration with the U.S. Securities and Exchange Commission for the planned share sale, according to a statement on Thursday. The statement, which confirms an earlier Bloomberg News report, didn’t specify the size and timeline of the offering.