The Tencent-backed online services provider floated above its range, showing the promise in Southeast Asia for Chinese internet companies.
Singapore-based online services provider Sea raised $884m on Friday in an initial public offering that provided exits for investors including China-headquartered internet group Tencent, showing the potential for Chinese investment in the region.
Sea issued almost 59 million American Depositary Shares on the New York Stock Exchange priced at $15.00 each, increasing the number from 49.7 million and the price above the IPO’s $12 to $14 range. If the underwriters take up the full over-allotment option, the size of…
