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<IPO>FWD Clears HK Listing Hearing

FWD Group, an Asian life insurance company, passed the listing hearing in Hong Kong, implying that...

FWD Group, an Asian life insurance company, passed the listing hearing in Hong Kong, implying that it can commence its IPO process shortly, the Hong Kong Stock Exchange website showed.

FWD's IPO is expected to raise several hundred million US dollars, according to earlier market rumors. Morgan Stanley and Goldman Sachs are serving as joint sponsors for the IPO.


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