Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

In Southeast Asia, microplastics threaten health of millions through food

July 7, 2025

Gold declines to one-week trough as dollar strengthens

July 7, 2025

China protests birthday greeting by India’s Narendra Modi to Dalai Lama

July 7, 2025
Facebook X (Twitter) Instagram
Monday, July 7
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » Exclusive | FWD plots next growth phase as Hong Kong IPO opens access to capital, CEO says
Business

Exclusive | FWD plots next growth phase as Hong Kong IPO opens access to capital, CEO says

adminBy adminJuly 6, 2025No Comments2 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 7


FWD Group, a regional insurer founded by Hong Kong billionaire Richard Li Tzar-kai, aims to use Hong Kong as a springboard to expand its business in the region after completing its HK$3.47 billion (US$442 million) fundraising in the city.

The firm’s initial public offering (IPO) will help improve its capital structure and serve a bigger pool of clients in the coming years as demand for insurance protection increases with wealth creation, according to CEO Huynh Thanh Phong.

“A successful IPO is a very important milestone for us, but it is not the end-game for us,” he said in an interview with the Post on Sunday. “The IPO gives us flexibility in capital management. It supports our vision of building a pan-Asian business that is based in Hong Kong and serves customers across Asia.”

FWD will make its trading debut in Hong Kong on Monday under the 1828 stock code.

Huynh Thanh Phong, Group CEO and executive director at FWD, during an interview in Taikoo Shing on July 6, 2025. Photo: May Tse
Huynh Thanh Phong, Group CEO and executive director at FWD, during an interview in Taikoo Shing on July 6, 2025. Photo: May Tse
The insurer sold 91.3 million shares at HK$38 each, giving the company a market capitalisation of HK$48.3 billion. About 30 per cent of the IPO shares went to retail investors, tripling the initial allocation to meet excess demand. FWD has an option to sell a further 13.7 million shares through an overallotment to the IPO managers.

The Hong Kong stock exchange’s main board hosted 42 IPOs in the first six months of this year, which generated US$13.5 billion in proceeds, making it the busiest venue globally for first-time stock offerings.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

Business

China urged to take bolder steps to tackle price wars, deflation and weak demand

July 7, 2025
Business

Hong Kong dollar faces prolonged weakness on liquidity, rates drawback, bank says

July 7, 2025
Business

Chinese stocks may pay a record US$419 billion in 2025 dividends in bonanza for investors

July 7, 2025
Business

Aberdeen, BlackRock make case for US assets on tax cuts, earnings power

July 7, 2025
Business

Hong Kong’s MPF funds earn HK$24,100 per member in first half, research firm says

July 7, 2025
Business

Slowing decline in Hong Kong office rents unlikely to benefit distressed landlords

July 7, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

FBR introduces Pakistan’s first AI-powered customs clearance system – Business & Finance

July 7, 2025

FBR introduces Pakistan’s first AI-powered customs clearance system – Business & Finance

July 7, 2025

India’s stock benchmarks to open flat on caution ahead of US tariff deadline – Markets

July 7, 2025

Indian rupee to track Asian peers lower after Trump flags return to higher tariffs if no deal – Markets

July 7, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • In Southeast Asia, microplastics threaten health of millions through food
  • Gold declines to one-week trough as dollar strengthens
  • China protests birthday greeting by India’s Narendra Modi to Dalai Lama
  • FBR introduces Pakistan’s first AI-powered customs clearance system – Business & Finance
  • FBR introduces Pakistan’s first AI-powered customs clearance system – Business & Finance

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

In Southeast Asia, microplastics threaten health of millions through food

July 7, 2025

Gold declines to one-week trough as dollar strengthens

July 7, 2025

China protests birthday greeting by India’s Narendra Modi to Dalai Lama

July 7, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.