Hong Kong billionaire Richard Li weighs insurance IPO

HONG KONG (June 27): Hong Kong billionaire Richard Li is laying the groundwork for a potential initial public offering of his insurance company FWD Group after five years of building the business through acquisitions, people familiar with the matter said.

FWD, which is backed by Swiss Re AG, has held preliminary discussions with investment banks about a possible IPO as part of regular meetings about the insurer’s strategy, according to the people. The company is weighing a listing as soon as the next couple years, the people said, asking not to be identified because the information is private.

Hong Kong is under consideration as a possible listing venue, one of the people said.

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