// Company Overview //
| Stock Name | 富卫集团 |
|---|---|
| Stock Code | 01828 |
| Company Full Name | 富卫集团 |
| Industry | 保險 |
| Principal Activities | 公司是一家泛亞洲人壽保險公司，采用以客為先及科技賦能的模式，于2013年由李澤楷先生成立，愿景是開辟屬于我們的道路，以期成為亞洲領先的保險公司。 |
| Listing Date | 2025-07-07 |
| Listing Rules Era | Old Rules |
| Listing Rules Chapter | No data |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 香港太古城太古灣道14號13樓 |
| Business Address (Hong Kong) | No data |
| Place of Incorporation | No data |
| Listing Method | No data |
| Listing Board | Main Board |
| Website | https://www.fwd.com/en/ |
| Share Registrar | 卓佳证券登记有限公司 (Tricor Investor Services Limited) |
| Registrar Contact | (852)2980 1333 |
| A-Share/US Dual Listing | No |
// Offering Information //
| Offering Mechanism | 机制A(旧) |
|---|---|
| Clawback Tiers | 因超购37.1倍，回拨至30.0% |
| Prospectus Date | 2025-06-26 |
| Offer Price | HK$ 38.00 / shares |
| Offer Price Range | Final offer price only, no range |
| Lot Size | 100 shares |
| Entry Threshold | HK$ 3,800 |
| Par Value | No data |
| Global Offering Shares | 91,342,100 |
| HK Public Offering Shares | 27,402,700 (30.0%) |
| International Placing Shares | — (0.0%) |
| Offer Ratio | No data |
| Total Shares Post-IPO | No data |
| Total Global Offering Size | HK$ 3,470,999,800 |
| Public Offering Size | HK$ 1,041,302,600 (30.0%) |
| Oversubscription Multiple | 37.1x |
| Valid Applications | 61,689 |
| Accepted Applications | — |
| Reallocation | No |
| Total Funds Raised | HK$ 1,041,302,600 |
| Greenshoe (Over-allotment Option) | No |
| Final Public Offering Share | 30.0% |
// Valuation & Financials //
| Market Cap (at Offer Price) | HK$ 0 |
|---|---|
| Pre-IPO Valuation (Last Round) | No data |
| P/E Ratio | -79.60 |
| Profit/Loss Status | No data |
| Period-End Cash Balance | No data |
| Listing Expenses | ~HK$ 517,600,000 |
| Listing Expenses / Funds Raised | No data |
| Total Pre-IPO Investment | No data |
// First Day Performance
| First Day Close | Loading... |
|---|---|
| First Day Open | HK$ 38.0 |
| First Day Change | 1.05% |
| First Day Volume | 20851000.0 |
| First Day Turnover | 789612000.0 |
// Price Chart //
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// Use of Proceeds
| Use of Proceeds | 全球發售所得款項凈額用于提高保險集團監管制度下的資本水平，并為營運實體提供增長資金，用于加強我們的股本、償付能力及核心流動資金，以及建立超出適用法定要求的資本緩沖。 |
|---|
// Underwriting Syndicate //
联席保荐人 (2)
摩根士丹利亚洲有限公司
高盛（亚洲）有限责任公司
整体协调人 (4)
摩根士丹利亚洲有限公司
高盛（亚洲）有限责任公司
招银国际融资有限公司
香港上海汇丰银行有限公司
联席账簿管理人 (4)
摩根士丹利亚洲有限公司
高盛（亚洲）有限责任公司
招银国际融资有限公司
香港上海汇丰银行有限公司
联席牵头经办人 (13)
摩根士丹利亚洲有限公司
高盛（亚洲）有限责任公司
招银国际融资有限公司
香港上海汇丰银行有限公司
交银国际证券有限公司
建银国际金融有限公司
华泰金融控股（香港）有限公司
工银国际证券有限公司
瑞穗证券亚洲有限公司
日兴证券(香港)有限公司
星展亚洲融资有限公司
华侨银行有限公司
大华继显（香港）有限公司
// Cornerstone Investors //
Allotment Results Announcement
| # | Investor Name | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|
| 1 | PCGIHoldings | 416,631,903 | 32.78% | — | 2026-01-06 | 2026-01-06 |
| 2 | SpringAchiever(Hong | 314,146,078 | 24.72% | — | 2026-01-06 | 2026-01-06 |
| 3 | SpringAchiever | 113,788,273 | 8.95% | — | 2026-01-06 | 2026-01-06 |
| 4 | MCManagement10RSC | 30,789,400 | 2.42% | — | 2026-01-06 | 2026-01-06 |
| 5 | T&DUnitedCapitalCo., | 20,526,300 | 1.61% | — | 2026-01-06 | 2026-01-06 |
| 6 | 加拿大養老基金投資公司 | 7,974,481 | 0.63% | — | 2026-01-06 | 2026-01-06 |
| 7 | 歐力士亞洲資本有限公司 | 5,316,321 | 0.42% | — | 2026-01-06 | 2026-01-06 |
// Directors & Management //
| Chairman | 馬時亨 |
|---|---|
| Company Secretary | 楊仕進 |
No director data available.
// Major Shareholders //
| Major Shareholders & Holdings | PCGI Holdings Limited(32.78%);Spring Achiever (Hong Kong) Limited(24.72%) |
|---|
// Allotment Benchmarks //
Pool A (Small Subscriptions)
| Shares Applied | Applicants | Allottees | Expected Lots |
|---|---|---|---|
| 100 | 17,952 | 3,591 | 0.20 |
| 200 | 7,003 | 2,366 | 0.34 |
| 300 | 4,145 | 1,903 | 0.46 |
| 400 | 1,485 | 848 | 0.57 |
| 500 | 3,472 | 2,345 | 0.68 |
| 600 | 904 | 701 | 0.78 |
| 700 | 506 | 441 | 0.87 |
| 800 | 801 | 772 | 0.96 |
| 900 | 404 | 404 | 1.00 |
| 1,000 | 7,178 | 7,178 | 1.10 |
| 1,500 | 1,587 | 1,587 | 1.55 |
| 2,000 | 2,313 | 2,313 | 1.93 |
| 2,500 | 1,865 | 1,865 | 2.28 |
| 3,000 | 1,722 | 1,722 | 2.62 |
| 3,500 | 386 | 386 | 3.00 |
| 4,000 | 604 | 604 | 3.25 |
| 4,500 | 279 | 279 | 3.56 |
| 5,000 | 1,493 | 1,493 | 3.85 |
| 6,000 | 589 | 589 | 4.42 |
| 7,000 | 332 | 332 | 4.97 |
| 8,000 | 456 | 456 | 5.50 |
| 9,000 | 259 | 259 | 6.00 |
| 10,000 | 2,420 | 2,420 | 6.50 |
| 20,000 | 1,073 | 1,054 | 10.98 |
| 30,000 | 614 | 614 | 14.88 |
| 40,000 | 227 | 227 | 18.40 |
| 50,000 | 344 | 344 | 21.65 |
| 60,000 | 151 | 151 | 25.08 |
| 70,000 | 98 | 98 | 28.00 |
| 80,000 | 120 | 120 | 31.20 |
| 90,000 | 59 | 59 | 34.29 |
| 100,000 | 561 | 561 | 38.00 |
Pool B (Large Subscriptions)
| Shares Applied | Applicants | Allottees | Expected Lots |
|---|---|---|---|
| 200,000 | 194 | 194 | 263.00 |
| 300,000 | 31 | 31 | 393.60 |
| 400,000 | 13 | 13 | 523.60 |
| 500,000 | 14 | 14 | 653.50 |
| 600,000 | 6 | 6 | 783.60 |
| 700,000 | 1 | 1 | 912.80 |
| 800,000 | 6 | 6 | 1042.40 |
| 900,000 | 1 | 1 | 1171.80 |
| 1,000,000 | 13 | 13 | 1301.00 |
| 2,000,000 | 4 | 4 | 2592.00 |
| 3,000,000 | 3 | 3 | 3876.00 |
| 4,567,100 | 1 | 1 | 5886.99 |
Allotment Benchmarks
