FWD Group raised $442 million through an initial public offering in Hong Kong, aiming for expansion in mainland China despite a stalled plan due to backlash from Beijing.
Amount Raised
HK$442 Million
Round Type
Post-IPO Equity
ChinaOtherFinancial ServicesSoftwareMedia And EntertainmentEventsHealth CareEmployee BenefitsInsurtechInsuranceDescription
FWD Group raised $442 million through an initial public offering in Hong Kong earlier this week. The firm was seeking to secure an insurance license in mainland China. However, talks have stalled following backlash against Li Ka-shing's port sale plan. The Chinese government's reaction has caused uncertainties for future business dealings.
Who to call at Fwd Group, and when
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- An alert the day Fwd Group raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Fwd Group, from your own LinkedIn network
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Fwd Group raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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