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SEA IPO: 15 Things to Know About the Online Gaming Startup

SEA plans to join the NYSE under the SE stock ticker

   

SEA is planning an IPO in the United States and InvestorPlace has a few things to know about the company.

SEA IPO: 15 Things to Know About the Online Gaming Startup
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Here’s the rundown on SEA and its IPO.

  • It got its start as an online gaming company back in 2009.
  • It’s original name was Garena, but it was changed to SEA as it expanded out to include other services.
  • These new services include a mobile payment and shopping on the Garena platform.
  • The largest shareholder in the company is Tencent Holdings Ltd with a 40% stake.
  • Forrest Li, the founder, Chairman and CEO of SEA is the second largest shareholders with a 20% stake in the company.
  • The gaming startup reported a net loss of $225 million on revenue of $345.70 million in 2016.
  • The company is planning to sell 49.7 million American depositary shares in its IPO.
  • It will be pricing these shares between $12 and $14 each.
  • This will have it raising as much as $696 million with its IPO.
  • If the company reaches its midpoint range for its IPO, it will have a fully diluted market value of $4.2 billion
  • SEA says that it will use funds from its IPO to grow its business.
  • It plans to do this by adding more customers and purchasing additional content.
  • The company is looking to trade on the New York Stock Exchange under the SE ticker.
  • Credit Suisse Group AG, Goldman Sachs Group Inc and Morgan Stanley are acting as underwriters for the IPO.
  • The IPO announcement from the company was made on Friday.

You can follow these links to learn more about SEA and its IPO.

As of this writing, William White did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, https://investorplace.com/ipo-playbook/sea-ipo-garena-tencent-holdings-ltd/.

©2017 InvestorPlace Media, LLC