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Singapore's Game Startup Sea Raised $884 Million in New York IPO

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Photographer: Nicky Loh/Bloomberg
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Singapore’s Sea Ltd., Southeast Asia’s most valuable startup, raised about $884 million in its initial public offering in New York.

The company sold 59 million American depositary shares for $15 apiece, according to a statement Friday, offering more shares and pricing them above its initial range of $12 to $14 each. The total amount may be more than $1 billion if an option to sell additional shares is exercised, according to a person familiar with the matter, asking not to be identified because the matter is private.