Richard Li’s FWD rises in HK debut, reversing earlier decline
Billionaire Richard Li’s FWD Group Holdings Ltd. rose in its Hong Kong trading debut, reversing earlier declines, after an initial public offering that raised HK$3.5 billion ($442 million). The insurer’s stock climbed as much 2.1% to HK$38.80 on Monday, reversing a drop of as steep as 2.5%. It was at HK$38.40, up 1.1%, at the … Read more