Tencent, online services provider Sea's largest investor, has expressed interest in buying $100m of shares in the latter's forthcoming initial public offering.
Internet group Tencent is considering buying $100m of shares in Singapore-based online services provider Sea when the latter floats in the US, according to a regulatory filing yesterday.
Sea plans to issue approximately 49.7 million American Depositary Shares on the New York Stock Exchange priced at between $12.00 and $14.00 per share, which would raise $596m going up to $695m, if the company floats at the top of its range.
Formerly known as Garena, Sea runs a three-pronged business…
