Sea Limited (SE) to Raise $646 Million in IPO
In the last twelve months, Sea Limited generated $374.5 million in revenue and had a net loss of $302.3 million. The company has a market-cap of $4.1 billion.
Goldman Sachs (Asia), Morgan Stanley and Credit Suisse served as the underwriters for the IPO.
Sea Limited provided the following description of their company for its IPO: “Sea has developed an integrated platform consisting of digital entertainment (focused on online games), e-commerce, and digital financial services (focused on e-wallet services), each localized to meet the unique characteristics of GSEA. We define GSEA as the combined region of Indonesia, Taiwan, Vietnam, Thailand, the Philippines, Malaysia and Singapore. This region had 585.3 million people and GDP of US$3.0 trillion in 2016, according to the IMF Outlook. It is also one of the world’s fastest growing regions in terms of per capita GDP and at the early stages of internet penetration. GSEA’s markets are increasingly interdependent, particularly for internet business models. “.
Sea Limited was founded in 2009 and has 5438 employees. The company is located at 1 Fusionopolis Place, #17-10, Galaxis, Singapore 138522 and can be reached via phone at +65 6270-8100. or on the web at http://www.seagroup.com.
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