Hong Kong Insurer FWD Files Hong Kong IPO Papers

MT Newswires Live
20 May

Hong Kong-based insurer FWD submitted documents for its initial public offering in the city on Monday.

The insurer received preliminary interest from potential investors as FWD makes its third attempt to list in Hong Kong, the South China Morning Post reported separately Monday.

FWD plans to use the proceeds from its planned IPO to boost its capital position under Hong Kong's group-wide supervision regime for insurers.

The insurer also intends to use its proceeds to increase its share capital, improve solvency and liquidity, and set up a capital buffer, the filing said.

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