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Walkers successfully advises FWD Group on HK$3.5 billion IPO milestone on the Hong Kong Stock Exchange

Jul 8, 2025

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We acted for FWD Group, a leading pan-Asian life and health insurance business, on its successful IPO on the Hong Kong Stock Exchange (1828.HK).

The IPO, valued at HK$3.5 billion (US$442 million), will be strategically utilised to strengthen FWD Group's capital structure and enhance its digital capabilities to meet the evolving needs of its clients.

This transaction will enable FWD Group to serve a larger pool of clients in the coming years as demand for insurance protection increases with wealth creation, according to FWD Group CEO Huynh Thanh Phong's interview with South China Morning Post.

The Walkers team, led by partner William Lee from Corporate & Investment Funds, included partner Kevin Ho from the same team, alongside partners Natalie Curtis and Colm Dawson from Regulatory & Risk Advisory and Tom Pugh from Restructuring. The team was supported by, among others, counsels Jason Hung (Regulatory & Risk Advisory) and Robert Gregory (Restructuring) and senior associate Beverly Lui (Corporate & Investment Funds). In collaboration with Walkers Professional Services, we advised on all Cayman Islands law aspects of the transaction.

Congratulations to all involved in the successful completion of this IPO, including the team at Linklaters (acting as FWD Group's Hong Kong counsel).

More information about the transaction is available here.

View the Chinese version of the press release here (coming soon).
Asset Management & Investment FundsCorporate, Mergers & AcquisitionsRegulatory & ComplianceCayman IslandsHong Kong

Media contacts

Jenny Kokolas

Jenny Kokolas

Communications Manager - Global

T/+44 20 7220 4999
M/+44 (0)7301 272 247
E/Email Jenny Kokolas

Shana Ray

Head of Business Development - Asia and Middle East

T/+852 2596 3302
M/+852 9030 6084
E/Email Shana Ray

Key Contacts

Get in touch with our team

William Lee
William Lee

William Lee

Partner

Hong Kong

T

+852 2596 3358

M

+852 6390 7267

E

Email William Lee
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Natalie Curtis
Natalie Curtis

Natalie Curtis

Partner

Hong Kong

T

+852 2596 3357

M

+852 9225 8084

E

Email Natalie Curtis
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Colm Dawson
Colm Dawson

Colm Dawson

Partner

Cayman Islands

T

+1 345 914 6384

M

+1 345 938 6384

E

Email Colm Dawson
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Tom Pugh
Tom Pugh

Tom Pugh

Partner

Hong Kong

T

+852 2596 3466

M

+852 6209 2634

E

Email Tom Pugh
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Jason Hung
Jason Hung

Jason Hung

Counsel

Hong Kong

T

+852 2596 3355

M

+852 6973 3340

E

Email Jason Hung
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Robert Gregory

Robert Gregory

Counsel

Hong Kong

T

+852 2596 3434

M

+852 9730 1002

E

Email Robert Gregory
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Beverly Lui
Beverly Lui

Beverly Lui

Senior Associate

Hong Kong

T

+852 2596 3430

M

+852 6010 3031

E

Email Beverly Lui
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