Deals
Southeast Asia's Biggest Startup Files for $1 Billion IPO, Sources Say
- Online gaming portal, e-commerce operator weighs U.S. listing
- Sea working with Goldman Sachs, Morgan Stanley on share sale
The Shopee app.
Photographer: Nicky Loh/BloombergThis article is for subscribers only.
Sea Ltd., Southeast Asia’s most valuable startup, has filed confidentially for a potential U.S. initial public offering that could raise about $1 billion, according to people with knowledge of the matter.
The Singapore-based company, formerly known as Garena, filed with the U.S. Securities and Exchange Commission in the past few weeks, according to the people, who asked not to be identified because the information is private. Sea is considering listing in early 2018, though no final decisions have been made, one of the people said.