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Pan-Asian life Insurer FWD GROUP HOLDINGS Files for $100 Million US IPO

Esther Thin

FWD Group Holdings Limited, a Pan-Asian life insurer, has filed Form F-1 Registration Statement on September 23, 2021 with the U.S. Securities and Exchange Commission to raise up to $100 million IPO. Pricing terms are yet to announce. Sources estimate the total proceeds raised would up to $2 billion.

The company set out to transform insurance with technology to disrupt the traditional mindset, behaviors and operations of the insurance industry. Their platform has allowed us to quickly capture market opportunities and stay ahead of the industry average in terms of certain key performance indicators, such as APE growth rates, in the markets.

The Hong Kong-based company was founded in 2013 and booked $11.6 billion in revenue for the 12 months ended June 30, 2021. It plans to list on the NYSE under the symbol “FWD.” Morgan Stanley, Goldman Sachs, J.P. Morgan, HSBC, and CMB International Capital are underwriters of the IPO.

The company engages White & Case LLP as US Securities Counsel, and Ernst & Young as Independent Auditor.

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