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Billionaire Richard Li's FWD to raise US$1.4b, weighs Hong Kong IPO
The funding comes as the Asian insurer prepares for a potential Hong Kong initial public offering after its US listing plan stalled, according to people familiar with the matter.
FWD is switching its focus to list in Hong Kong as early as next year, after plans for a potential US listing hit a snag amid regulators' increasing unease over the long arm of the Chinese government, the people said, asking not to be identified as the information is private.