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<IPO>FWD Group Resubmits Listing Application to SEHK After Swinging to Profit Last Yr
PCCW (00008.HK) Chairman Richard Li's FWD Group has announced that it has resubmitted Form A1 to HKEX (00388.HK) for a Main Board listing. The joint sponsors are Morgan Stanley...
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<IPO>FWD Group Resubmits Listing Application to SEHK After Swinging to Profit Last Yr
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PCCW (00008.HK)  +0.030 (+0.604%)    Short selling $3.53M; Ratio 7.641%   Chairman Richard Li's FWD Group has announced that it has resubmitted Form A1 to HKEX (00388.HK)  -1.600 (-0.409%)    Short selling $239.83M; Ratio 15.666%   for a Main Board listing. The joint sponsors are Morgan Stanley and Goldman Sachs.

According to the preliminary prospectus filed with the Stock Exchange of Hong Kong (SEHK), the group swung to a profit as of December 31, 2024. It recorded a net profit of around USD24 million, compared to a net loss of USD733 million in the previous year. Under non-IFRS measures, its after-tax operating profit rose by 22.5% YoY to USD463 million.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-22 12:25.)

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