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IPO

Hong Kong tycoon Richard Li's insurance unit revives stalled IPO

Asia-focused FWD Group shelved plans for $3bn U.S. listing last year

Hong Kong insurer FWD Group Holdings, which is planning a local listing, says it expects to make another loss in 2022.    © Reuters

HONG KONG -- Hong Kong insurer FWD Group Holdings, controlled by tycoon Richard Li, has revived a bid for an IPO on its home bourse after shelving plans for a U.S. listing last year.

Documents filed with the Hong Kong Stock Exchange late Tuesday confirmed that the company aims to list its shares in the financial hub, but they did not disclose details of how much it planned to raise or when the offering may be launched.

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