FWD Mulls Options for $10 Billion Insurer After IPO Delay, Sources Say
- Options include potential stake sale to help reduce debt
- Global insurers including Sun Life have expressed interest
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FWD Group Holdings Ltd., the Asian insurer controlled by billionaire Richard Li, is considering options including a potential stake sale after delaying a planned initial public offering, according to people familiar with the matter.
The company could seek a valuation of more than $10 billion in any deal, the people said, asking not to be identified because the information is private. Global insurers including Toronto-based Sun Life Financial Inc. have approached FWD to express interest in a tie up, the people said.