Asian insurer FWD Group has raised $200 million in new funding ahead of its planned Hong Kong initial public offering (IPO), according to two sources with direct knowledge of the matter.
Register now for FREE unlimited access to Reuters.comThe deal means the Richard Li-backed FWD Group has raised $1.6 billion in the past month after the company ditched its U.S. IPO plans.of $1.4 billion valued FWD Group at $9 billion on a post money basis, sources told Reuters in December.
It now plans to carry out a Hong Kong IPO after it struggled to receive full approval from U.S. regulators to list in New York.The company received preliminary approval in December from the Securities and Exchange Commission to carry out a marketing roadshow to investors, but still needed full sign-off from regulators, sources told Reuters at the time.Register now for FREE unlimited access to Reuters.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Man claiming to be 'pastor' held patients captive in group home disguised as churchPolice said the basement was used as a group home for the individuals that 'essentially imprisoned them against their will.'
Read more »
Advocacy Group Works To Get The Homeless Into Shelters With Chicago Temperatures PlummetingHelp for the homeless is always critical in Chicago – and when temperatures plunge as we were experiencing Thursday, the cold becomes a life and death concern.
Read more »
After Year One, Climate Group Says Biden 'Failing Us''Biden can't be the climate leader he claims to be when he is actively conducting major lease sales and lobbying oil states to produce more fossil fuels,' said VarshPrakash of sunrisemvmt.
Read more »
Instagram Tests Paid Subscriptions With Small Group of U.S. CreatorsCertain creators can now charge followers between $0.99 to $99.99 a month for exclusive content on Instagram
Read more »
Police called after group shows up at Republican meeting wearing 'RINO Hunter' t-shirtsThe group was led by a U.S. congressional candidate who opposes COVID vaccination, the removal of Confederate statues, Kwanzaa and the 'gay mafia.'
Read more »
Authentic Brands Group CEO plans to let 'Reebok be Reebok' after acquisitionJamie Salter sees the business growing to $10 billion in revenue within five years.
Read more »