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Garena parent company Sea files registration statement for planned IPO on the NYSE

Garena parent company Sea files registration statement for planned IPO on the NYSE

Singapore-based "internet company" Sea has filed a registration statement for a planned IPO on the New York Stock Exchange.

The company hasn't yet decided how many shares it plans to sell, or a price range for these shares. If it does get listed on the NYSE, it will use the ticker symbol SE.

Goldman Sachs, Morgan Stanley, and Credit Suisse Securities will act as joint bookrunners for the IPO. It will only be available by prospectus, which can be obtained from one of the three firms.

Growing fast

Sea is the parent company of Garena, Shopee, and AirPay, the former of which is its PC and mobile gaming arm. The company closed a funding round of $550 million in May 2017, largely to grow its e-commerce platform Shopee.

Garena is the operator of Tencent's Honor of Kings in Southeast Asia. The game is one of the largest in the world, and is coming to Nintendo's Switch at some point in 2018.


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