U.S. markets closed

  • S&P Futures

    4,205.75
    -17.25 (-0.41%)
     

  • Dow Futures

    33,909.00
    -108.00 (-0.32%)
     

  • Nasdaq Futures

    13,896.00
    -85.25 (-0.61%)
     

  • Russell 2000 Futures

    2,298.70
    -11.40 (-0.49%)
     

  • Crude Oil

    71.61
    -0.54 (-0.75%)
     

  • Gold

    1,818.20
    -43.20 (-2.32%)
     

  • Silver

    27.20
    -0.61 (-2.18%)
     

  • EUR/USD

    1.1992
    -0.0009 (-0.07%)
     

  • 10-Yr Bond

    1.5690
    +0.0700 (+4.67%)
     

  • Vix

    18.15
    +1.13 (+6.64%)
     

  • GBP/USD

    1.3976
    -0.0011 (-0.08%)
     

  • USD/JPY

    110.7970
    +0.1840 (+0.17%)
     

  • BTC-USD

    38,548.82
    -1,571.29 (-3.92%)
     

  • CMC Crypto 200

    955.86
    -36.61 (-3.69%)
     

  • FTSE 100

    7,184.95
    +12.47 (+0.17%)
     

  • Nikkei 225

    29,291.01
    0.00 (0.00%)
     

PCGI (FWD) Announces Confidential Submission of Draft Registration Statement for Proposed Initial Public Offering

·1 min read

HONG KONG, June 17, 2021 /PRNewswire/ -- PCGI Intermediate Holdings Limited, the holding company of FWD Limited and FWD Group Limited, today announced that it has confidentially submitted a draft registration statement on Form F-1 with the U.S. Securities and Exchange Commission (the "SEC") relating to a proposed initial public offering of American Depositary Shares ("ADSs") representing its Class A ordinary shares in the United States (the "IPO"). The number of ADSs to be offered and the price range for the IPO have not yet been determined. The IPO is expected to take place after the SEC completes its review process, subject to market and other conditions.

FWD Logo (PRNewsfoto/FWD Group)
FWD Logo (PRNewsfoto/FWD Group)

This press release is being made pursuant to, and in accordance with, Rule 135 under the Securities Act of 1933, as amended (the "Securities Act"), and shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act.

- Ends -

SOURCE FWD Group

Recommended Stories

  • The Trade Desk Stock Split Is Imminent; Here's What Investors Need to Know

    Shares of The Trade Desk (NASDAQ: TTD) are about to get a whole heck of a lot cheaper, but it isn't because the company is in any sort of trouble. In a press release announcing the move, management said that the "goal of the split is to make The Trade Desk stock more accessible to our employees and a broader base of investors." Since The Trade Desk debuted on Sept. 21, 2016, at $28.75 a share, the stock has been on fire, climbing to roughly $592 as of this writing, gaining a massive 1,959%.

  • What lumber and gold prices tell us about the stock market’s next move

    FA CENTER Lumber prices have experienced one of their biggest and quickest plunges in history— with the spot futures contract dropping more than $670, or 40%, in just 25 trading sessions. It’s human nature to try to find meaning in this, since the alternative is to accept that price changes this momentous are nothing more than merely random fluctuations.

  • Lumber Prices Are Falling Fast, Turning Hoarders Into Sellers

    Prices have dropped from record highs spurred by the economic reopening, potentially pointing to an eventual return to normalcy.

  • Is Occidental Petroleum Corporation (OXY) A Good Stock To Buy?

    Is Occidental Petroleum Corporation (NYSE:OXY) a good place to invest some of your money right now? We can gain invaluable insight to help us answer that question by studying the investment trends of top investors, who employ world-class Ivy League graduates, who are given immense resources and industry contacts to put their financial expertise to […]

  • 2 Stocks That Are Flirting With a Bottom; Analysts Say ‘Buy’

    Every investor knows that the path toward profits lies in buying low and selling high. That’s a basic precept of any economic trading system. The trick, however, is recognizing when the stock is low enough to buy in. The prime moment to buy is when the stock hits bottom; that will maximize returns when the share price starts to rise again. Wall Street’s analyst corps know this, and they are not shying away from recommending stocks that may have hit bottom. Using TipRanks database, we pinpointed

  • Here’s Why Miller/Howard Investments Dumped its Verizon (VZ) Stake

    Miller/Howard Investments, an investment management firm, published its first quarter 2021 investor letter – a copy of which can be downloaded here. Miller/Howard’s Infrastructure Strategy remains well-positioned to capitalize on momentum toward value and income stocks. The strategy has a yield over twice that of the S&P 500 and is trading well-below the broader market’s […]

  • Cristiano Ronaldo just made Coca-Cola stock interesting

    Soccer great Cristiano Ronaldo sends a jolt to Coke's investors.

  • Nvidia’s Takeover of Arm Faces Regulatory Delay in Europe – Report

    Nvidia (NVDA) will likely not be able to meet its March 2022 deadline to complete its $40 billion acquisition of Arm Ltd., according to Reuters. Shares of the multinational technology company designing graphics processing units for the gaming, mobile computing, and automotive markets were down 1.3% to close at $711.54 on June 15. The delay is due to European regulators’ unwillingness to look into the deal before the end of the summer holidays. The deal was first announced last year and led to an

  • Stock market news live updates: Stock futures extend declines after Fed outlook signals rate hikes

    Stock futures opened lower Wednesday evening as investors contemplated the Federal Reserve's latest monetary policy decision and updated projections, which signaled a quicker path to higher interest rates than previously anticipated. Contracts on the S&P 500, Dow and Nasdaq added to earlier losses.

  • Why COVID Vaccine Stocks Dynavax, Novavax, and Vaxart Are Sinking Today

    Dynavax Technologies (NASDAQ: DVAX) stock was down 6.3% as of 11:26 a.m. EDT, while shares of Novavax (NASDAQ: NVAX) and Vaxart (NASDAQ: VXRT) were falling 7.8% and 10.6%, respectively. The declines for the biotech stocks appear to merely be run-of-the-mill volatility on a day when the overall stock market was down. Sales of its Heplisav-B hepatitis B vaccine were negatively impacted by the COVID-19 pandemic.

  • Hedge Funds Are Selling Broadcom Inc (AVGO)

    Many prominent investors, including Warren Buffett, David Tepper and Stan Druckenmiller, have been cautious regarding the current bull market and missed out as the stock market reached another high in recent weeks. On the other hand, technology hedge funds weren’t timid and registered double digit market beating gains. Financials, energy and industrial stocks initially suffered […]

  • The price of this promising green energy stock has fallen and now is the time to buy, says UBS

    Now may be the perfect time to buy shares in green energy giant Ørsted, analysts at UBS said on Wednesday, with winds of change picking up, even as the stock has tumbled more than 30% in 2021.

  • Should You Keep Your Taiwan Semiconductor (TSM) Position?

    ClearBridge Investments, an investment management firm, published its “International Growth ACWI ex-US Strategy” first quarter 2021 investor letter – a copy of which can be downloaded here. The ClearBridge International Growth ACWI ex-US Strategy underperformed the benchmark MSCI ACWI ex-U.S. Index for the first quarter. The Strategy sustained losses across seven of the nine sectors […]

  • Torchlight Energy Is Rocketing Higher; Let’s Find Out Why?

    Shares of Torchlight Energy Resources (TRCH) surged 41.6% to close at $5.07 on June 15. Torchlight Energy is an oil and gas Exploration and Production (E&P) company with a market cap of approximately $950 million. Over the past month, the stock has skyrocketed over 135% and is up a whopping 1,107% over the past year. Reasons for the Spike in the Share Price Torchlight has been one of the most-mentioned stocks on StockTwits recently, and that enthusiasm among the traders appears to be sending its

  • Biden just canceled hundreds of millions in student loan debt — do you qualify?

    His administration is giving relief to borrowers who brought claims against their school.

  • First Look: Solid Power, a Ford-Backed QuantumScape Rival, Will Go Public via SPAC

    Many investors have been overwhelmed by the number of SPAC deals in the electric-vehicle space over the last year, and some have soured on the space now that a couple of last year's darlings have turned out to be, well, less than they seemed. Colorado-based Solid Power, founded in 2012, is one of several companies working to develop so-called solid-state batteries, which omit the liquid electrolyte used in the lithium-ion batteries that power most electric vehicles today.

  • When Will Rolls-Royce Holdings plc (LON:RR.) Become Profitable?

    Rolls-Royce Holdings plc ( LON:RR. ) is possibly approaching a major achievement in its business, so we would like to...

  • Palantir CEO has a simple reason company’s stock draws Reddit crowd: ‘We respect the intelligence and the rigor of what is typically called individual investors’

    Alex Karp, CEO of Palantir on Wednesday says the company respects institutional investors as much as much as it respects the retail crowd who have been mostly bullish on the company's stock.

  • 3 Inflation-Resistant Stocks to Buy Right Now

    Investors might want an inflation hedge, and these three companies have additional reasons to own them.

  • Exxon Stock Could Rise 40%, With Big Dividend Growth

    Bank of America analyst Doug Leggate says the oil company is likely to raise its dividend by the fourth quarter, capping a turnaround for the stock.