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.