Hong Kong tycoon Richard Li's insurance firm FWD files for IPO in US

Hong Kong tycoon Richard Li's insurance firm FWD files for IPO in US

Billionaire Richard Li, chairman and chief executive officer of Pacific Century Group, arrives at a polling station for the chief executive election in Hong Kong, China, on Sunday, March 26, 2017. Photographer: Paul Yeung/Bloomberg

Hong Kong tycoon Richard Li’s insurer FWD said it has lodged an application to regulators for an initial public offering in the United States.