Cornerstone investors include Mubadala Capital, the alternative asset management subsidiary of Abu Dhabi-based Mubadala Investment Company. Mubadala Capital will subscribe for approximately HK$1.17 billion of the global offering.
On June 26, FWD Group announced its IPO details on the Hong Kong Exchange (HKEX). Offer price: FWD Group intends to offer 91,342,100 shares (subject to the over-allotment option) at an indicative offer price of HK$38.00 per share.
If the over-allotment option is exercised, the gross proceeds are estimated to be HK$3,992 million (approximately $649 million). If the over-allotment option is not exercised, the estimated gross proceeds from the global offering will be approximately HK$3,471 million.
