HONG KONG—Insurance company FWD Group Holdings Ltd., owned by Hong Kong billionaire Richard Li, made its filing for a stock market listing in the United States public on Thursday Sept. 23, revealing a jump in revenue last year. The insurer, which will list through an initial public offering (IPO), posted revenue of $9.49 billion last year. FWD also said its net loss applicable to shareholders narrowed to $243 million in the year ended Dec. 31, 2020, compared with a $278 million loss a year earlier. The company had confidentially filed for the listing in June. FWD has not yet set the terms for its IPO, but Reuters reported it could raise $2 billion to $3 billion, valuing the company at $13 billion to $15 billion. Richard Li is the son of Hong Kong’s richest man, Li Ka-Shing. FWD’s foundation was laid in 2012 with the acquisition of ING’s Hong Kong, …
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