Credit: Shutterstock photoSea, which is leading online entertainment and e-commerce platform in Southeast Asia, filed on Friday with the SEC to raise up to $1.0 billion in an initial public offering.
The Singapore-based company was founded in 2009 and booked $374 million in sales for the 12 months ended June 30, 2017. It plans to list on the NYSE under the symbol SE. Sea filed confidentially on April 25, 2017. Goldman Sachs (Asia), Morgan Stanley and Credit Suisse are the joint bookrunners on the deal. No pricing terms were disclosed.
The article Southeast Asian start-up Sea files for a $1.0 billion US IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
