Deals
Singapore’s Garena Picks Goldman for $1 Billion IPO
- Most valuable Southeast Asian startup considering U.S. listing
- Singapore company to pick more banks as soon as this month
Garena's Grand Ambitions
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Garena, Southeast Asia’s most valuable startup, picked Goldman Sachs Group Inc. to lead a planned initial public offering that could fetch about $1 billion, according to people with knowledge of the matter.
The Singapore-based online gaming portal and e-commerce provider plans to select additional banks as soon as this month, the people said. Garena is considering listing in the U.S., the people said, asking not to be identified because the information is private.