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Southeast Asia's biggest startup files for US$1b IPO: sources

Wednesday, May 24, 2017 - 08:45

[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

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