S-E Asian startup Sea aims to raise US$696 million in US IPO
New York
SEA Ltd, South-east Asia's most valuable startup that's known for its Garena gaming and shopping platform, aims to raise as much as US$696 million in its US initial public offering.
The Singapore-based company, formerly called Garena, is marketing 49.7 million American depositary shares for US$12 to US$14 apiece, according to a regulatory filing on Friday.
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Koh Brothers Eco Engineering faces up to S$57.6 million in potential liabilities from legal disputes
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
DayOne secures S$530 million green loan from DBS, OCBC and UOB for Singapore data centre