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By Stephen Nakrosis
Insurance company FWD Group Holdings Ltd. filed an initial public offering with the U.S. Securities and Exchange Commission on Thursday.
The company said it had applied to list its US depository shares on the New York Stock Exchange under the symbol “FWD.”
FWD did not provide an expected size for the offering, nor an expected price range.
FWD said it was founded in 2013 and operates in 10 markets, including 10 markets including Hong Kong, Macau, Thailand, Japan, the Philippines and Singapore.
The company said it had revenues of $9.4 billion in 2020 and $6.2 billion in 2019.
PCGI Holdings Ltd., Swiss Re Principal Investments Company Asia Pte. Ltd. and Fornax Investment Global Co. Ltd. are among the major shareholders of the company.
Morgan Stanley, Goldman Sachs (Asia) LLC, JP Morgan, HSBC and CMB International are listed as the main underwriters of the offering.
Write to Stephen Nakrosis at [email protected]
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Sources 2/ https://www.marketwatch.com/story/fwd-group-holdings-ltd-files-for-ipo-with-us-sec-271632436741 The mention sources can contact us to remove/changing this article |
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