ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Finance

Singapore's Sea to raise $6bn in push to expand outside ASEAN

New York-listed tech group counters growing rivals in massive funding deal

The fundraising deal comes as Sea expands outside Southeast Asia, including into Latin America.   © Reuters

SINGAPORE -- Southeast Asian technology group Sea said on Thursday it would raise about $6.2 billion in new shares and note offerings in a major funding deal that would accelerate global expansion beyond its home turf.

Singapore-based Sea operates online gaming, e-commerce and digital financial services. Listed on the New York Stock Exchange, it is now valued at over $180 billion, by far the largest among Southeast Asia's listed companies.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more