FWD plans September launch for US IPO | IFR – International Financing Review

FWD plans September launch for US IPO | IFR – International Financing Review

FWD Group, the Asian insurer backed by billionaire Richard Li, is looking to launch a US IPO of up to US$3bn as early as September, said people with knowledge of the matter.

FWD holding company PCGI Intermediate filed a confidential filing in June.

Goldman Sachs, HSBC, JP Morgan and Morgan Stanley are leading the transaction.