Tencent, JG Summit and Uni-President Enterprises are set to record exits as Sea, the internet services firm formerly known as Garena, files confidentially to float in the US.
Sea, the Singapore-headquartered internet firm formerly known as Garena, has confidentially filed for an initial public offering in the US that will allow several corporate backers to exit, Bloomberg reported yesterday.
The company, which counts internet group Tencent, diversified conglomerate JG Summit Holdings and food producer Uni-President Enterprises as investors, plans to raise about $1bn in the IPO according to people with knowledge of the matter.
Founded in 2009, Sea provides a range of mobile-focused services including online gaming, e-commerce,…
