Chinese internet giant Tencent seeks to buy $100m of stock in Sea IPO

Chinese internet giant Tencent seeks to buy $100m of stock in Sea IPO

Photo: Sea Group

Singapore-headquartered consumer Internet company Sea Ltd, formerly known as Garena, on Thursday said Chinese internet giant Tencent Holdings has indicated an interest in purchasing up to $100 million worth of shares in the company’s proposed initial public offering (IPO).

Sea Ltd, which is making its debut on the New York Stock Exchange (NYSE), has scaled down its public offering size to $800 million, down by almost $200 million, as per an SEC filing last week.

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