01828 富衛集團
FWD
FWD
| Listing Date | 2025/07/07 Listing in 4 Days |
| Listing Price | 38.000 |
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IPO Detail
COMPANY PROFILE
FWD GROUP HOLDINGS is a Pan-Asian life insurer. The Group have adopted a multi-channel distribution model, invested in digital infrastructure and data analytics capabilities, and expanded partnership and referral opportunities. The Group’s distribution channels include bancassurance, agency, brokerage/IFA and others.
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The Group's business including Hong Kong and Macau, Thailand and Cambodia, Japan, and Emerging Markets, comprising the Philippines, Indonesia, Singapore, Vietnam and Malaysia. The Group was ranked as a top five insurer and the top bancassurer within its Southeast Asia markets by annualised premium equivalent in 2023, according to NMG.
The Group have built a leading Southeast Asian bancassurance platform with eight exclusive partnerships as of 16 June 2025. The Group was ranked sixth in 2024 among multi-national insurers globally in terms of the number of Million Dollar Round Table registered members. As of 31 December 2024, The Group had over 2,900 brokerage and IFA partners.
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The Group classify its key products into participating life, non-participating life, critical illness, term life, medical and riders, unit-linked insurance, and group insurance and others.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Insurance |
| Major Business Area | Hong Kong |
| Board Lot | 100 |
GLOBAL OFFERING
| No. of Offer Shares | 91.34M shares |
| No. of International Offer Shares | 82.21M shares |
| No. of HK Offer Shares | 9.13M shares |
| Offer Price | $38.00 |
| Stock Code | 1828 |
| Sponsor(s) | Morgan Stanley Asia Limited, Goldman Sachs (Asia) L.L.C. |
| Underwriter(s) | Morgan Stanley Asia Limited, Goldman Sachs (Asia) L.L.C., CMB International Capital Limited, The Hongkong and Shanghai Banking Corporation Limited, BOCOM International Securities Limited, CCB International Capital Limited, Huatai Financial Holdings (Hong Kong) Limited, ICBC International Securities Limited, Mizuho Securities Asia Limited, SMBC Nikko Securities (Hong Kong) Limited, DBS Asia Capital Limited, Oversea-Chinese Banking Corporation Limited, UOB Kay Hian (Hong Kong) Limited |
TIME TABLE
| Application Period | Jun 26 (Thu) - noon, Jul 02 (Wed) |
| Price Determination Date | -- |
| Result Announcement Date | On or before Jul 04 (Fri) |
| Result Announcement Date | On or before Jul 04 (Fri) |
| Result Announcement Date | On or before Jul 07 (Mon) |
| Dealings in Shares commence on | Jul 07, 2025. (Mon) |
Reallocation of Shares Offered
| Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
| % of total shares reallocated to HK Offer | 30% | 40% | 50% |
Sales Statistics (HKD)
| Offer Price | $38.00 |
| Capitalization | 48.30B |
| NAV / share ($) | $20.47 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 38.00, the net proceeds raised would be HKD 2.95B, of which |
| 100% : Provision of growth capital for operating entities, for strengthening share capital, enhancing solvency position and central liquidity |
Related Document
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).