September 9, 2021
Scott Murdoch and Enchemin Daga
Hong Kong (Reuters) – Southeast Asian e-commerce and gaming company Sea Ltd is one of the region’s largest fundraiser in history, with $ 6.3 billion in equity and convertible bonds, according to its regulatory filings. I am planning to sell.
The Singapore-based company is considering selling 11 million American Depositary Receipts (ADRs), along with an option to offer an additional 1.65 million as part of the so-called green shoe option, Sea said in a Thursday submission. rice field.
It has also raised $ 2.5 billion in convertible bonds with $ 375 million in green shoes.
With Sea’s closing price of $ 343.8 in New York on Wednesday, the share sale could raise up to $ 3.8 billion.
This is the second major financing in less than a year for a $ 185 billion company looking to expand its global reach https://www.reuters.com/business/retail-consumer/seas-shopee- debut-europe- with-poland-launch-sources-2021-09-07 By testing potential new markets
Sea, the top Southeast Asian company by market capitalization, said it plans to use its earnings for general corporate purposes such as strategic investments and acquisitions.
Last December, Sea raised $ 2.57 billion in a $ 195 discounted share sale per share. In May 2020, we completed the sale of $ 1 billion of convertible bonds.
Southeast Asian fintech and e-commerce companies are raising a lot of money https://www.reuters.com/world/the-great-reboot/southeast-asia-tech-dealmaking-booms-investors-place-post –covid-bets-2021-08-27 New movements are seen in the region as global investors are betting on post-pandemic technology.
According to Refinitiv data, the company raised a total of $ 15.67 billion in the Southeast Asian equity and capital markets in 2021, compared to $ 11.8 billion in the corresponding period in 2020.
Sea’s e-commerce platform Shopee plans to expand to Europe and India. At the end of last year, Sea also obtained a full digital banking license in Singapore. https://www.reuters.com/article/singapore-banks-idUSL4N2IG32A
The company’s share rose 72.72% this year after a nearly five-fold jump in 2020 in strong demand as COVID-19-related regulations pushed people indoors.
(Report by Scott Murdoch in Hong Kong and Anshuman Daga in Singapore, edited by Muralikumar Anantharaman and Himani Sarkar)
Sea seeks $ 6.3 billion in one of Southeast Asia’s largest funding
Source link Sea seeks $ 6.3 billion in one of Southeast Asia’s largest funding