Hong Kong billionaire Richard Li mulls IPO for GIC-backed insurer

Hong Kong billionaire Richard Li mulls IPO for GIC-backed insurer

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 is laying the groundwork for a potential initial public offering of his insurance company FWD Group after five years of building the business through acquisitions, people familiar with the matter said.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter