Richard Li’s FWD could raise up to US$1 billion in a share sale next year. Bloomberg, Reuters Previous NextHong Kong billionaire Richard Li Tzar-kai is weighing investing about US$200 million (HK$1.56 billion) in his insurance company FWD as part of a funding round ahead of its long-awaited listing in Hong Kong. It could seek to raise about US$1 billion from the IPO. Meanwhile, Shanghai Chicmax Cosmetic kicked off its retail books yesterday, aiming to raise up to HK$1.1 billion in a Hong Kong IPO. This came as three new companies had mixed performances on their debuts in Hong Kong.

Source: The Standard December 13, 2022 03:17 UTC