FWD Group has decided to delay its plan to list its shares on the Hong Kong Stock Exchange (HKEX) due to ongoing market volatility, according to the South China Morning Post (SCMP).
In February 2022, the insurance firm confirmed its intention and submitted a Form A1 Main Board to apply to be listed on the HKEX in its bid to raise $1bn (£790m, €930m).
The media report said the postponement was made eight days after the insurer received the go-ahead from the listing committee of the stock exchange.
FWD has not abandoned the IPO and will explore the Hong Kong listing plan before the end of 2022.
The insurance group has aimed to list on a stock exchange for a while and shelved its plan to list in New York in 2021.
FWD Group declined to comment when approached by International Adviser.
