Sea seeks US$6.3bil in one of Southeast Asia's biggest fundraisings


FILE PHOTO: A signage of Shopee, the e-commerce arm of Sea Ltd, is pictured at its office in Singapore, March 5, 2021. REUTERS/Edgar Su

HONG KONG: Sea Ltd, a Southeast Asian e-commerce and gaming company, plans to raise $6.3 billion in a share and convertible bond sale in one of the region's largest ever capital raisings, according to the firm's regulatory filing.

The Singapore-headquartered company is looking to sell 11 million American Depository Receipts (ADRs), with the option to offer 1.65 million more as part of a so-called greenshoe option, Sea said in its filing on Thursday.

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Sea , Shopee , fundraising , Southeast Asia , e-commerce , gaming

   

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