Forrest Li, founder and group chief executive officer of Garena Interactive Holding Ltd., speaks during an interview at the companys headquarters in Singapore, on Thursday, Aug. 25, 2016. Garena, a gaming and e-commerce empire that is now Southeast Asias largest startup, is a Singapore-based company thats valued at more than 3.75 billion. Photographer: Nicky Loh/Bloomberg
SINGAPORE: Garena, South-East Asia’s most valuable startup, picked Goldman Sachs Group Inc. to lead a planned initial public offering that could fetch about US$1bil, according to people with knowledge of the matter.
The Singapore-based online gaming portal and e-commerce provider plans to select additional banks as soon as this month, the people said.
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