Richard Li’s FWD files confidentially for US IPO – International Financing Review
- Date: 17-Jun-2021
- Source: IFR
- Sector:Financial Markets
- Country:Middle East
Richard Li’s FWD files confidentially for US IPO – International Financing Review
FWD Group, the Asian insurer backed by billionaire Richard Li, has filed confidentially for a US IPO, according to a company statement.
The filing comes under FWD holding company PCGI Intermediate. The statement did not mention the size and timing of the offering.
The float could raise up to US$3bn in the third quarter, according to people familiar with the situation. Goldman Sachs, HSBC, JP Morgan and Morgan Stanley are leading the transaction, they said.