Brief: Sea stock to float on NYSE today, with a $1b raise target

Sea CEO Nick Nash (L). Photo credit: Tech in Asia.

The news (extracted from The Financial Times):

Singaporean internet company Sea is seeking to raise more than US$1 billion via its IPO on the New York Stock Exchange later today, The Financial Times reports. Sea has priced its stock at US$15 per share, above the range of US$12 to US$14 it had indicated in an earlier regulatory filing. Chinese tech giant Tencent, which currently owns a 39.8 percent equity interest in Sea, told the Times it...

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