Singapore on-line gaming company Sea raises $884 million in U.S. IPO


Reuters – Singapore-based mostly online gaming and e-commerce enterprise Sea Ltd has raised about $884 million in its united states of americaIPO after pricing the offering above expectations, the company said on Friday.

Supported by way of strong demand, the shares were offered at $15 each, greater than its marketed range of $12 to $14, and the business also boosted the original present dimension of 49.69 million shares through 18.7 %.

The deal additionally contains a greenshoe alternative for 7. Forty-five million shares, which may raise the value of the offering to $1 billion.

Reporting by using S Anuradha of IFR; Writing and extra reporting with the aid of Aradhana Aravindan, extra reporting with the aid of Aparajita Saxena in Bengaluru; modifying with the aid of Edwina Gibbs

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Singapore on-line gaming company Sea raises $884 million in U.S. IPO