initial public offering (IPO) News

Fairfax-Backed Digit Insurance’s IPO Put on Hold by Indian Watchdog

Digit Insurance, a company backed by Canadian billionaire Prem Watsa’s Fairfax Group, has had a planned initial public offering (IPO) put on hold, a Securities and Exchange Board of India (SEBI) regulatory document showed on Tuesday. The IPO has been …

Hong Kong Insurer FWD Refiles Application for Hong Kong IPO, Eyeing 2023 Listing

FWD Group Holdings Ltd., the Asian insurer backed by billionaire Richard Li, has refiled an application for a Hong Kong initial public offering as it now weighs a listing next year amid market volatility. The renewed filing will grant more …

Asian Insurer FWD Eyes Hong Kong IPO in 2023: Sources

FWD Group Holdings Ltd., the Asian insurer backed by billionaire Richard Li, is weighing 2023 as a new target for its long-awaited Hong Kong initial public offering, according to people familiar with the matter. FWD, which in May decided to …

India’s LIC Loses $17 Billion in Market Value After IPO

An eye-popping $17 billion wipeout in market value has made Life Insurance Corp. of India one of the biggest wealth destroyers among Asia’s initial public offerings this year. Having plunged 29% since its May 17 debut, India’s biggest ever IPO …

Beijing Gives Initial Green Light to Revive Ant Group’s IPO as Crackdown Eases: Sources

China’s central leadership has given billionaire Jack Ma’s Ant Group a tentative green light to revive its initial public offering (IPO), two sources with knowledge of the matter said, in the clearest sign yet Beijing is easing its crackdown on …

Insurer FWD Delays $1 Billion Hong Kong IPO: Sources

Asian insurer FWD Group has delayed its $1 billion Hong Kong initial public offering (IPO) because of volatile financial markets, according to three sources with direct knowledge of the matter. FWD declined to comment. The sources could not be named …

Fairfax-Backed Digit Insurance Targets $5B in India IPO Valuation: Sources

India’s Digit Insurance, backed by Canadian billionaire Prem Watsa’s Fairfax Group, is considering raising about $500 million in an initial public offering at a valuation of $4.5 billion to $5 billion, three people aware of the matter told Reuters. Founded …

Insurer FWD Wins Approval for Hong Kong IPO

FWD Group Holdings Ltd., the Asian insurer backed by Hong Kong billionaire Richard Li, has won approval for its planned initial public offering in the city, according to a person with knowledge of the matter. The company received the green …

India’s LIC Shares Slump After Record, but Disappointing, IPO

Shares in Life Insurance Corp. of India (LIC) slid 6% in their market debut on Tuesday, a fresh setback for the state-owned giant after its IPO, while record-breaking, raised far less for the government than initially envisioned. India’s biggest insurer …

India’s LIC Prices IPO at Top of Indicated Range: Source

India’s Life Insurance Corp. (LIC) has priced its initial public offering at the top of the indicated range, at 949 rupees ($12.28), a source familiar with the matter said on Friday. The state-owned insurance behemoth is likely to be listed …