File photo: On March 5, 2021, a strap showing the logo of Southeast Asian e-commerce and gaming group Sea Ltd was taken from our Singapore office. REUTERS / EdgarSu / File Photo
September 9, 2021
Scott Murdoch and Enchemin Daga
Hong Kong (Reuters) – Southeast Asian e-commerce and games company Sea Ltd is one of the largest fundraisers in the region’s history, with $ 6.3 billion in equities and convertible bonds, according to its regulatory documents. I plan to sell.
The Singapore-based company plans to sell 11 million American Depositary Receipts (ADRs), as well as an option to offer an additional 1.65 million under the so-called green shoe option, Sea said in a submission Thursday. . paddy field.
He also raised $ 2.5 billion in convertible bonds with $ 375 million in green shoes.
With Sea closing at $ 343.8 in New York on Wednesday, the sale of shares could earn 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 new potential markets
Sea, Southeast Asia’s largest company by market capitalization, said it plans to use its profits for general corporate purposes such as strategic investments and acquisitions.
Last December, Sea raised $ 2.57 billion in a discounted stock sale of $ 195 per share. In May 2020, we finalized the sale of $ 1 billion in convertible bonds.
Southeast Asian Fintech and Ecommerce Firms Raise Big Money https://www.reuters.com/world/the-great-reboot/southeast-asia-tech-dealmaking-booms-investors- place-post –covid- paris-2021-08-27 New movements are seen in the region as global investors bet on post-pandemic technology.
According to data from Refinitiv, the company raised a total of $ 15.67 billion in Southeast Asian equity and capital markets in 2021, up from $ 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 to 72.72% this year after a nearly five-fold jump in 2020 in strong demand as COVID-19 regulations pushed people inside.
(Report by Scott Murdoch in Hong Kong and Anshuman Daga in Singapore, edited by Muralikumar Anantharaman and Himani Sarkar)