Regional internet major Sea to raise up to $1.55b in upsized US share sale

Regional internet major Sea to raise up to $1.55b in upsized US share sale

Sea founder Forrest Li. Photographer: Michael Nagle/Bloomberg

Regional internet company Sea Ltd is set to raise a minimum of $1.35 billion in a follow-on stock offering after pricing 60 million American Depositary Shares (ADS) at $22.50 each. The firm had earlier announced plans to sell 50 million shares.

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