{"id":123977,"date":"2021-12-14T17:10:11","date_gmt":"2021-12-14T17:10:11","guid":{"rendered":"https:\/\/fin2me.com\/?p=123977"},"modified":"2021-12-14T17:10:11","modified_gmt":"2021-12-14T17:10:11","slug":"fwd-group-raises-1-4-billion-ahead-of-hong-kong-ipo-reuters-citing-sources","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/fwd-group-raises-1-4-billion-ahead-of-hong-kong-ipo-reuters-citing-sources\/","title":{"rendered":"FWD Group raises $1.4 billion ahead of Hong Kong IPO: Reuters, citing sources"},"content":{"rendered":"<ul>\n<li>Asia-focused insurer\u00a0FWD\u00a0Group 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, according to two sources.<\/li>\n<li>A decision to shift to Hong Kong was made after regulatory approval for\u00a0FWD&#x27;s planned U.S. IPO of $2 billion to $3 billion was delayed.<\/li>\n<li>The size and time frame of the Hong Kong IPO has yet be determined, the sources said.<\/li>\n<\/ul>\n<p>Asia-focused insurer\u00a0FWD\u00a0Group 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, according to two sources with direct knowledge of the matter.<\/p>\n<p>A decision to shift to Hong Kong was made after regulatory approval for\u00a0FWD&#x27;s planned U.S. IPO of $2 billion to $3 billion was delayed.<\/p>\n<p>The company received preliminary approval last week from the Securities and Exchange Commission (SEC) to carry out a marketing roadshow to investors but still required full sign-off from regulators, according to the sources.<\/p>\n<p>The sources could not be named as the information was not yet public.\u00a0FWD\u00a0declined to comment.<\/p>\n<p>Founder Richard Li&#x27;s weighted voting rights will be dropped to allow\u00a0FWD\u00a0to meet Hong Kong&#x27;s listing rules which only permit companies deemed as innovative to have that share structure, the sources said.<\/p>\n<p>The size and time frame of the Hong Kong IPO has yet be determined, the sources said.<\/p>\n<h2>Stock picks and investing trends from CNBC Pro:<\/h2>\n<p>Jim O\u2019Neill, Dan Niles, Guy Spier and 7 other market strategists share their best advice for 2022<\/p>\n<p>Stocks head for a rare third-straight year of double-digit returns. What happens next?<\/p>\n<p>Goldman loves these EV sector stocks \u2014 and says one could rally 100%<\/p>\n<p>The lackluster share price performance of Chinese companies listed in the United States, led by Didi Global, prompted the company to switch its listing to Hong Kong.<\/p>\n<p>FWD\u00a0will be valued at $9 billion on a post-money basis, the sources said.<\/p>\n<p>The Hong Kong-based insurer, controlled by billionaire Li, finalized the deal early on Tuesday which is led by investors Apollo Global Management and Canada Pension Plan Investment Board (CPPIB), the sources said.<\/p>\n<p>They said other investors include Swiss RE, the Li Ka Shing Foundation, Li&#x27;s Pacific Century Group, SCB Thailand and Metro Pacific Investment Corp (MPIC) from the Philippines.<\/p>\n<p>CPPIB and Pacific Century Group declined to comment. The Li Ka Shing Foundation, Swiss Re, Apollo, SCB and MPIC did not immediately respond to a request for comment.\u00a0<\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/12\/14\/fwd-group-fundraise-ahead-of-hong-kong-ipo.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Asia-focused insurer\u00a0FWD\u00a0Group 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 [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":123976,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FWD Group raises $1.4 billion ahead of Hong Kong IPO: Reuters, citing sources - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/fwd-group-raises-1-4-billion-ahead-of-hong-kong-ipo-reuters-citing-sources\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FWD Group raises $1.4 billion ahead of Hong Kong IPO: Reuters, citing sources - Fin2me\" \/>\n<meta property=\"og:description\" content=\"Asia-focused insurer\u00a0FWD\u00a0Group 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 [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/markets\/fwd-group-raises-1-4-billion-ahead-of-hong-kong-ipo-reuters-citing-sources\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-14T17:10:11+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/12\/FWD-Group-raises-1.4-billion-ahead-of-Hong-Kong-IPO-Reuters-citing-sources.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/markets\/fwd-group-raises-1-4-billion-ahead-of-hong-kong-ipo-reuters-citing-sources\/\",\"url\":\"https:\/\/fin2me.com\/markets\/fwd-group-raises-1-4-billion-ahead-of-hong-kong-ipo-reuters-citing-sources\/\",\"name\":\"FWD Group raises $1.4 billion ahead of Hong Kong IPO: Reuters, citing sources - Fin2me\",\"isPartOf\":{\"@id\":\"https:\/\/fin2me.com\/#website\"},\"datePublished\":\"2021-12-14T17:10:11+00:00\",\"dateModified\":\"2021-12-14T17:10:11+00:00\",\"author\":{\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/fin2me.com\/markets\/fwd-group-raises-1-4-billion-ahead-of-hong-kong-ipo-reuters-citing-sources\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/fin2me.com\/markets\/fwd-group-raises-1-4-billion-ahead-of-hong-kong-ipo-reuters-citing-sources\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/fin2me.com\/markets\/fwd-group-raises-1-4-billion-ahead-of-hong-kong-ipo-reuters-citing-sources\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/fin2me.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Markets\",\"item\":\"https:\/\/fin2me.com\/category\/markets\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"FWD Group raises $1.4 billion ahead of Hong Kong IPO: Reuters, citing sources\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/fin2me.com\/#website\",\"url\":\"https:\/\/fin2me.com\/\",\"name\":\"Fin2me\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/fin2me.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"Mark\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"caption\":\"Mark\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FWD Group raises $1.4 billion ahead of Hong Kong IPO: Reuters, citing sources - Fin2me","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fin2me.com\/markets\/fwd-group-raises-1-4-billion-ahead-of-hong-kong-ipo-reuters-citing-sources\/","og_locale":"en_US","og_type":"article","og_title":"FWD Group raises $1.4 billion ahead of Hong Kong IPO: Reuters, citing sources - Fin2me","og_description":"Asia-focused insurer\u00a0FWD\u00a0Group 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 [...]","og_url":"https:\/\/fin2me.com\/markets\/fwd-group-raises-1-4-billion-ahead-of-hong-kong-ipo-reuters-citing-sources\/","og_site_name":"Fin2me","article_published_time":"2021-12-14T17:10:11+00:00","author":"Mark","twitter_card":"summary_large_image","twitter_image":"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/12\/FWD-Group-raises-1.4-billion-ahead-of-Hong-Kong-IPO-Reuters-citing-sources.jpg","twitter_misc":{"Written by":"Mark","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/fin2me.com\/markets\/fwd-group-raises-1-4-billion-ahead-of-hong-kong-ipo-reuters-citing-sources\/","url":"https:\/\/fin2me.com\/markets\/fwd-group-raises-1-4-billion-ahead-of-hong-kong-ipo-reuters-citing-sources\/","name":"FWD Group raises $1.4 billion ahead of Hong Kong IPO: Reuters, citing sources - Fin2me","isPartOf":{"@id":"https:\/\/fin2me.com\/#website"},"datePublished":"2021-12-14T17:10:11+00:00","dateModified":"2021-12-14T17:10:11+00:00","author":{"@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/fin2me.com\/markets\/fwd-group-raises-1-4-billion-ahead-of-hong-kong-ipo-reuters-citing-sources\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fin2me.com\/markets\/fwd-group-raises-1-4-billion-ahead-of-hong-kong-ipo-reuters-citing-sources\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/fin2me.com\/markets\/fwd-group-raises-1-4-billion-ahead-of-hong-kong-ipo-reuters-citing-sources\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fin2me.com\/"},{"@type":"ListItem","position":2,"name":"Markets","item":"https:\/\/fin2me.com\/category\/markets\/"},{"@type":"ListItem","position":3,"name":"FWD Group raises $1.4 billion ahead of Hong Kong IPO: Reuters, citing sources"}]},{"@type":"WebSite","@id":"https:\/\/fin2me.com\/#website","url":"https:\/\/fin2me.com\/","name":"Fin2me","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fin2me.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"Mark","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fin2me.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","caption":"Mark"}}]}},"_links":{"self":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/123977"}],"collection":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/comments?post=123977"}],"version-history":[{"count":0,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/123977\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/media\/123976"}],"wp:attachment":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/media?parent=123977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/categories?post=123977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/tags?post=123977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}