Singapore's Sea raises $575m in convertible notes on back of strong demand

Singapore's Sea raises $575m in convertible notes on back of strong demand

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

On the back of strong demand from investors, New-York-listed Sea Limited announced the completion of its convertible notes offering at $575 million, after exercising the 15 per cent greenshoe option, said the company in a statement.

The size of the offering was increased from the initial $400m to $500m, and now with the exercise of the full greenshoe option by the initial purchaser, the final note size has reached $575 million.

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