Billionaire Richard Li’s FWD Group Holdings Ltd.
Insurers’ shares climbed 2.1% to HK$38.80 on Monday, reversing a decline of up to 2.5%. At lunch break, it was priced at HK$38.40, up 1.1%.
The debut comes after the tycoon (famous Hong Kong businessman Li Ka-Shing) works hard to take the company away people In New York in 2021, it was abandoned after regulatory review. The following effort Listed at home in Hong Kong Stagnant When the city’s IPO enters a prolonged downturn.
Now, with the Hong Kong stock market rebounding, Lee is seizing a more favorable window to raise the crown jewelry of his business empire. Investor sentiment has been buoyancy Through a wave of multi-billion dollar deals, IPOs and subsequent products have raised $37.4 billion so far in 2025, a record high since 2021, up from $5.1 billion in the same period last year.
“It’s been a long journey,” FWD CEO Huynh Thanh Phong said in an interview on Bloomberg TV. “As you can see, Hong Kong has come back a lot and we’re excited to be part of the exciting comeback story.”
The city’s stock benchmark (Hang Seng Index) rose by about 20% over the course of the year. Insurers have been particularly hot lately, with shares in AIA Group Ltd. and Prudential Plc rising at least 35% since April lows.
Richard Li founded the company in 2013, and he owns 66.5% stake through various corporate entities. According to the Bloomberg Billionaire Index, his stake in FWD is two-thirds of his $6.1 billion net worth.
Insurers plan to use earnings to reduce debt, support growth and enhance their digital capabilities.
