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

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).