Core Viewpoint - FWD Group is set to launch a global offering of 91.34 million shares on the Hong Kong Stock Exchange, with a share price of HKD 38, aiming to enhance capital strength, reduce debt, and drive business growth and digital transformation [2][3] Group 1: Company Overview - FWD Group has shown significant improvement in profitability, with a projected net profit of USD 24 million for 2024, reversing previous losses [3] - The operating profit increased by 28.6% to USD 463 million, and the Contractual Service Margin (CSM) grew by 30.5% year-on-year [3] - The first quarter of 2025 saw a 31.9% increase in new business value, driven by digital transformation and deepening in high-growth markets [3] Group 2: Market Position and Strategy - As a leading digital insurance company in Asia, FWD Group holds a significant position in the Pan-Asian insurance market, covering high-growth markets such as Hong Kong, Thailand, and Japan [4] - The company has received backing from major international cornerstone investors, including Mubadala Investment Company and T&D Holdings, with a potential combined shareholding of up to 56.2% [2] - The IPO is viewed as a critical milestone for FWD Group and a positive signal for the Hong Kong capital market, reflecting the growth potential of the Asian insurance market and investor confidence [4]
保险龙头富卫集团港股招股 两大基石投资者加持