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Market will correctly value Sea’s business in long run, says CEO

Claudia Chong

Claudia Chong

Published Fri, Oct 20, 2023 · 04:34 PM
    • Forrest Li, chief executive of Sea, said in a letter to the company's employees on the anniversary of the company's IPO: "Let’s work on building up our company’s intrinsic value – and rest assured that the market, when it’s ready, will catch up with us.”
    • Forrest Li, chief executive of Sea, said in a letter to the company's employees on the anniversary of the company's IPO: "Let’s work on building up our company’s intrinsic value – and rest assured that the market, when it’s ready, will catch up with us.” PHOTO: BT FILE

    THE chief executive of one of South-east Asia’s largest tech companies on Friday (Oct 20) defended his decision to take the company public, amid a shake-up that has sent its shares down 87.6 per cent from their peak in October 2021.

    Forrest Li, CEO and co-founder of Sea, said he has never regretted his decision to take the company public on the New York Stock Exchange.

    Addressing the company’s employees in a letter on the anniversary of Sea’s initial public offering, he wrote about the benefits of being listed and said the market would eventually value the company for what it is worth.

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