Flash Report - Equity /
Singapore

Sea will rise with record US$6.3bn offering

  • Sea is raising US$3.8bn in equity in the largest secondary offering in 2021 and US$2.5bn in equity-linked debt

  • The stock has run up 70% YTD but is now set to rise further

  • The financing will place Sea's net cash at US$14bn, which will give it the firepower to dominate ASEAN e-commerce

Sea will rise with record US$6.3bn offering
Nirgunan Tiruchelvam
Nirgunan Tiruchelvam

Head of Consumers Equity Research

Tellimer Research
9 September 2021
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