"New Shares" FWD's public offering oversubscribed by 36 times, with a 20% chance of winning one lot

FWD Group (01828.HK) announced the results of its IPO, with the Hong Kong public offering receiving 37.13 times subscription, and a 20% chance of winning for one board lot (100 shares), with those subscribing for nine lots receiving one lot guaranteed. According to the replenishment mechanism, the number of shares available for public offering has increased to 27.4027 million shares, accounting for 30% of the total offering. The international offering recorded 2.32 times subscription. Shares are expected to be listed on Monday (7th).

FWD, the life insurance company under Li Ze-kai, plans to globally offer 91.3421 million shares, with the public offering originally accounting for 10%. The offering price is HKD 38, raising a net amount of HKD 2.953 billion. Cornerstone investors MC Management 10 RSC under Abu Dhabi Mubadala Capital and T&D United Capital under T&D (8795.JP) collectively subscribed for 51.3157 million shares, accounting for 56.2% of the offered shares