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

KENTARO IWAMOTO, Nikkei staff writer

September 9, 2021 12:14 JST

Updated on September 9, 2021 14:27 JST

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.