Insurance company FWD Group has submitted a Form A1 Main Board to apply to be listed on the Stock Exchange of Hong Kong.
Rumours about an IPO started circulating in August 2021, when reports alluded at a $3bn (£2.2bn, €2.6bn) listing in the US.
But issues were raised by the Securities and Exchange Commission in October 2021 about potential risks linked to the Chinese government extending its authority over Hong Kong-based companies.
FWD then went on to raise around $1.43bn from investors via subscriptions agreements, which was expected to complete in December 2021.
Then, in January 2022, the insurer managed to raise an additional $200m from two investors who participated in a private placement ahead of its IPO listing, bringing the total funds raised to $1.6bn.
