FWD mulls options for $10 bln insurer after IPO delay - Bloomberg News

Credit: REUTERS/TYRONE SIU

Feb 15 (Reuters) - FWD Group Holdings Ltd FWD.N, the Asian insurer controlled by billionaire Richard Li, is considering options, including a potential stake sale after delaying a planned initial public offering, Bloomberg News reported on Thursday.

The company could seek a valuation of more than $10 billion in any deal, the report said, citing people familiar with the matter.

(Reporting by Gnaneshwar Rajan in Bengaluru; Editing by Dhanya Ann Thoppil)

((Gnaneshwar.Rajan@thomsonreuters.com;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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