Advertisement
Singapore markets closed

  • Straits Times Index

    3,287.75
    -5.38 (-0.16%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • Dow

    38,460.92
    -42.77 (-0.11%)
     

  • Nasdaq

    15,712.75
    +16.11 (+0.10%)
     

  • Bitcoin USD

    63,595.54
    -2,732.69 (-4.12%)
     

  • CMC Crypto 200

    1,349.64
    -32.93 (-2.38%)
     

  • FTSE 100

    8,094.77
    +54.39 (+0.68%)
     

  • Gold

    2,337.60
    -0.80 (-0.03%)
     

  • Crude Oil

    82.88
    +0.07 (+0.08%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • Nikkei

    37,628.48
    -831.60 (-2.16%)
     

  • Hang Seng

    17,284.54
    +83.27 (+0.48%)
     

  • FTSE Bursa Malaysia

    1,569.25
    -2.23 (-0.14%)
     

  • Jakarta Composite Index

    7,155.29
    -19.24 (-0.27%)
     

  • PSE Index

    6,574.88
    +2.13 (+0.03%)
     

Singapore-based internet firm Sea plans $2.23 bln share offering

Reuters SG
·1-min read

Dec 10 (Reuters) - Singapore-based Sea Ltd, an e-commerce and digital financial services provider, said it plans an offering of American Depositary Shares that would be worth about $2.23 billion at the stock's last closing price. It will issue 11 million American Depositary Shares, it said in a filing on Thursday. The company's New York-listed stock last closed at $202.68 on Wednesday. Goldman Sachs (Asia) LLC and J.P. Morgan Securities LLC are acting as joint bookrunners for the proposed offering. Sea expects to use the proceeds from the offering for business expansion, potential strategic investments and acquisitions, according to the filing. Last week, Sea and ride-hailing firm Grab's venture with Singtel each won licences to run Singapore's first digital banks, in a massive shakeup in the city-state's banking sector. (Reporting by Shruti Sonal in Bengaluru; Editing by Ana Nicolaci da Costa)