Sea sets itself for billion-dollar IPO

Sep 25, 2017 • Robert Lavine

The internet company has filed for a $1bn initial public offering in the US that will give exits to Tencent, JG Summit Holdings and Uni-President Enterprises.

Sea, the Singapore-based internet company backed by corporates Tencent, JG Summit Holdings and Uni-President Enterprises, filed on Friday to raise up to $1bn in an initial public offering in the US.

Founded as Garena, Sea operates an online services offering that includes e-commerce platform Shopee, online financial services provider AirPay and Garena itself, which oversees the company’s digital entertainment services.

Sea, which operates in Singapore, Indonesia, Taiwan, Vietnam, Thailand, the Philippines and Malaysia, generated a $165m net loss in…

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