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Revisions

Sea selling shares at US$15 each in NYSE IPO

Update

Sea selling shares at US$15 each in NYSE IPO

Bloomberg Published on Mon, Oct 23, 2017 / 7:15 AM GMT+8

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(Oct 20): Singapore’s Sea plans has priced its initial public offering of nearly 59 million American depositary shares at US$15 each to raise US$884 million ($1.2 billion), according to a press statement by the company on Friday evening.

See: Sea, former Garena, files for NYSE IPO

In addition, Sea has granted the underwriters a 30-day option to purchase up to an additional 8.8 million ADSs to cover over-allotment.