FWD Group, an insurance company founded by Hong Kong tycoon Richard Li, is aiming to list in the city as early as July, the South China Morning Post reported, citing people familiar with the plans.
The insurer appointed CMB International and HSBC as IPO coordinators, joining Goldman Sachs and Morgan Stanley, SCMP said, adding that the move followed a fresh listing submission last week after two earlier attempts were shelved.
The company has yet to disclose its fundraising target or official timeline, but plans to use proceeds to strengthen its capital base, SCMP added.
FWD shelved its earlier Hong Kong IPOs in 2022 and 2023 due to market volatility, after previously dropping a planned US listing in 2021 amid rising US-China tensions, the report said.
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