South-east Asian e-commerce firm Sea says applies for NYSE listing

Sea, formerly known as Garena, was valued at US$3.75 billion after a March 2016 funding round. — Reuters pic
Sea, formerly known as Garena, was valued at US$3.75 billion after a March 2016 funding round. — Reuters pic

SINGAPORE, Sept 23 — South-east Asian e-commerce startup Sea Ltd said today it has filed a registration statement with the US Securities and Exchange Commission for a proposed listing on the New York Stock Exchange.

Goldman Sachs (Asia), Morgan Stanley & Co International and Credit Suisse Securities (USA) are joint bookrunners for the proposed initial public offering of its American depositary shares, the company said in a statement.

The number of shares on offer and the price range have not yet been determined, said Sea, formerly known as Garena, which was valued at US$3.75 billion (RM15.7 billion) after a March 2016 funding round.

The company, which also provides digital payments and online gaming services, raised US$550 million in May for an undisclosed valuation. — Reuters

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