Southeast Asia's biggest startup files for US$1b IPO: sources
[BENGALURU] Southeast Asia startup Sea Ltd has filed for a potential US initial public offering that could raise about US$1 billion, Bloomberg reported on Tuesday, citing people familiar with the matter. The company, which was earlier known as Garena, filed confidentially with the US Securities and Exchange Commission and is looking forward to list itself in early 2018, Bloomberg said.
Goldman Sachs and Morgan Stanley are serving as underwriters.
Singapore-based Sea did not immediately respond to an email seeking comment.
BLOOMBERG
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Technology
Meta’s results are best viewed through rose-tinted AI glasses
'Harvesting data': Latin American AI startups transform farming
After long peace, Big Tech faces US antitrust reckoning
Tech’s cash crunch sees creditors turn ‘violent’ with one another
Tech millionaires chase billionaire tax shields with ‘swap fund’
Elon Musk’s Starlink profits are more elusive than investors think