HK billionaire Li's FWD Group mulls Singapore dual-class IPO

HK billionaire Li's FWD Group mulls Singapore dual-class IPO

Billionaire Richard Li, chairman and chief executive officer of Pacific Century Group, arrives at a polling station for the chief executive election in Hong Kong, China, on Sunday, March 26, 2017. Photographer: Paul Yeung/Bloomberg

Hong Kong billionaire Richard Li’s FWD Group is considering listing in Singapore with a dual-class structure, as the insurer moves ahead with its initial public offering preparations, people with knowledge of the matter said.

FWD is discussing with advisers the merits of listing in Singapore using such a structure, which can offer enhanced voting power to protect the influence of founders and management, according to the people. The insurer has consulted Singapore Exchange Ltd. officials about the possibility, the people said, asking not to be identified as the deliberations are private.

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