How Sea aced public markets to become region's most valuable internet firm

How Sea aced public markets to become region's most valuable internet firm

Forrest Li rings a ceremonial bell during the company's IPO in New York on Oct. 20. Photographer: Michael Nagle/Bloomberg

NYSE-listed online games publisher and e-commerce player Sea Ltd seems to have sold its growth story built on multiple monetisation streams in its core businesses to investors.

The Singapore-based company’s stock, which was languishing at $10.06 in May last year, bounced back to cross $33 in June 2019. Its shares closed Thursday at $33.77, giving it a $15.02-billion market cap and making it one of the most valuable startups to emerge from Southeast Asia.

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