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Singapore Online Gaming Firm Sea Raises $884 Million in US IPO

Singapore Online Gaming Firm Sea Raises $884 Million in US IPO
(Dollar Photo Club)

Friday, 20 October 2017 02:19 PM

Singapore-based online gaming and e-commerce firm Sea Ltd has raised about $884 million in its U.S IPO after pricing the offering above expectations, the company said on Friday.

Supported by strong demand, the shares were sold at $15 each, more than its marketed range of $12 to $14, and the company also boosted the original offer size of 49.69 million shares by 18.7 percent.

The deal also includes a greenshoe option for 7.45 million shares, which could lift the value of the offering to $1 billion. 

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Singapore-based online gaming and e-commerce firm Sea Ltd has raised about $884 million in its U.S IPO after pricing the offering above expectations, the company said on Friday.
singapore, online, gaming, firm, sea, ipo
86
2017-19-20
Friday, 20 October 2017 02:19 PM
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