Billionaire Richard Li's FWD Group seeks to raise $442 million in Hong Kong IPO

Reuters

06/26

June 26 (Reuters) - Insurer FWD Group 1828.HK, backed by billionaire Richard Li, is looking to raise HK$3.47 billion ($442.08 million) through a Hong Kong initial public offering, according to a regulatory filing made on Thursday.

($1 = 7.8492 Hong Kong dollars)

(Reporting by John Biju and Sneha Kumar in Bengaluru; Editing by Maju Samuel)

((Sneha.Kumar@thomsonreuters.com;))

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