Insurer FWD Group, backed by billionaire Richard Li, is looking to raise HK$3.47 billion ($442.08 million) through a Hong Kong initial public offering, according to a regulatory filing on Thursday.

The pan-Asian insurer is offering 91.3 million shares at HK$38.00 apiece, valuing FWD at HK$48.298 billion ($6.15 billion), the filings showed.

Mubadala Capital, a subsi…

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