{"id":860740,"date":"2025-07-07T19:12:11","date_gmt":"2025-07-08T00:12:11","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/07\/07\/richard-lis-fwd-rises-in-hk-debut-reversing-earlier-decline\/"},"modified":"2025-07-07T19:12:11","modified_gmt":"2025-07-08T00:12:11","slug":"richard-lis-fwd-rises-in-hk-debut-reversing-earlier-decline","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/07\/07\/richard-lis-fwd-rises-in-hk-debut-reversing-earlier-decline\/","title":{"rendered":"Richard Li\u2019s FWD rises in HK debut, reversing earlier decline"},"content":{"rendered":"
\n

Billionaire Richard Li\u2019s FWD Group Holdings Ltd. rose in its Hong Kong trading debut, reversing earlier declines, after an initial public offering that raised HK$3.5 billion ($442 million).<\/p>\n

\n

The insurer\u2019s stock climbed as much 2.1% to HK$38.80 on Monday, reversing a drop of as steep as 2.5%. It was at HK$38.40, up 1.1%, at the midday break.<\/p>\n

The debut comes after the tycoon\u2014son of famed Hong Kong businessman Li Ka-shing\u2014tried to take the company\u00a0public<\/a>\u00a0in New York in 2021, which was abandoned after regulatory scrutiny. Subsequent\u00a0efforts\u00a0<\/a>to list at home in Hong Kong were\u00a0stalled\u00a0<\/a>as the city\u2019s IPO entered a prolonged slump.\u00a0<\/p>\n

Now, with Hong Kong\u2019s equity markets rebounding, Li is seizing a more favorable window to raise capital for the crown jewel of his business empire. Investors\u2019 sentiment has been\u00a0buoyed\u00a0<\/a>by a wave of multibillion-dollar deals, with IPOs and follow-on offerings raising $37.4 billion so far in 2025\u2014the highest since the record-breaking year of 2021 and a sharp jump from $5.1 billion during the same period last year.\u00a0<\/p>\n

\u201cIt\u2019s been a long journey,\u201d FWD chief executive officer Huynh Thanh Phong said in a Bloomberg TV interview. \u201cHong Kong, as you can see, is back in a big way, and we\u2019re extremely happy to be part of that comeback story post-COVID.\u201d<\/p>\n

The city\u2019s stock benchmark, the Hang Seng Index, has risen about 20% for the year. Insurers have been particularly hot lately, with shares of AIA Group Ltd. and Prudential Plc each rising at least 35% since their April lows.<\/p>\n

Richard Li, who founded the company in 2013, owns a 66.5% stake in FWD through various corporate entities. His stake in FWD accounts for two-thirds of his $6.1 billion net worth at the IPO price, according to the Bloomberg Billionaires Index.<\/p>\n

The insurer plans to use the proceeds to reduce debt, support growth and enhance its digital capabilities.<\/p>\n<\/div>\n<\/div>\n

Read More<\/a>
\n Sangmi Cha, Bloomberg<\/p>\n","protected":false},"excerpt":{"rendered":"

Billionaire Richard Li\u2019s FWD Group Holdings Ltd. rose in its Hong Kong trading debut, reversing earlier declines, after an initial public offering that raised HK$3.5 billion ($442 million). The insurer\u2019s stock climbed as much 2.1% to HK$38.80 on Monday, reversing a drop of as steep as 2.5%. It was at HK$38.40, up 1.1%, at the<\/p>\n","protected":false},"author":1,"featured_media":860741,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[91644,670],"tags":[],"class_list":{"0":"post-860740","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-lis","8":"category-richard"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/860740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=860740"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/860740\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/860741"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=860740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=860740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=860740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}