Billionaire Richard Li’s FWD to Raise $1.4 Billion, Weighs Hong Kong IPO

(Bloomberg) — Billionaire Richard Li’s FWD Group Ltd. is nearing a deal to raise more than $1.4 billion in a private placement as the Asian insurer prepares for a potential Hong Kong initial public offering after its U.S. listing plan stalled, according to people familiar with the matter. Read More