FWD Group files for IPO in Hong Kong
After raising $1.6bn from investors
ANNOUNCEMENT: UK Adviser is now PA Adviser. Read more.
After raising $1.6bn from investors
Reports suggest private equity owners are looking at options 18 months after merger
It is unlikely the listing will be completed before the end of the year
Reports claim firm could be valued at as much as £2bn
Listing will reportedly value the company at around $13bn
Shares are expected to be priced between $38 and $42
It will part with over 36 million shares
Offering will be available to institutional investors and clients of the company
‘The FCA’s job is to ensure that quality control remains paramount’
It plans to list on the Nasdaq
Dr Martens, Moonpig and the Hut Group excluded them from their listings last month
With clients among the first in line to be offered the opportunity to invest