No. of Recommendations: 0
I was not paying much attention when Sea Limited IPO'd late last year but the company would be a nice way to play ecommerce in SE Asia. The Companies stock symbol is SE and the IPO took place on October 20, 2017. The company has the backing of Chinese company Tencent. Company IPO'd at $15 and now would be trading at $10.78 as I post this: https://finance.yahoo.com/quote/SE/chart?p=SE#eyJpbnRlcnZhbC...


Article before the IPO by Eric Volkman (TMFVolkman) Fool.com:


Oct 16, 2017

Singapore-based Sea Limited aims to raise nearly $700 million in its upcoming issue.


Unicorns are spawning everywhere in the world.

That's "unicorn" in the financial sense -- an early-stage company valued at over $1 billion. One of these rare creatures, Singapore-headquartered Sea Limited, will land on our shores after a splashy IPO. That's coming soon, so let's take a closer look at the company and its issue.

Swimming on top of the market
Sea Limited, known until recently as Garena, was founded in 2009 as an online games portal. Today's Sea Limited makes the bulk of its revenue from digital entertainment -- in fact, the digital-entertainment division retains the name Garena -- mainly by selling in-game items to players of its 18 titles.

In a logical outgrowth of that activity, Sea Limited has also branched out into e-commerce and digital financial services. Its brands in these segments are known as Shopee and AirPay, respectively.

Sea Limited operates in its native region of greater Southeast Asia (GSEA), consisting of Indonesia, the Philippines, Vietnam, Thailand, Malaysia, and Taiwan, in addition to Singapore. All told, around 585 million souls live in the neighborhood.


cont'd

https://www.fool.com/investing/2017/10/16/sea-limited-ipo-wh...

Tencent-backed Sea Ltd jumps in debut, but soon reverses course:

(Reuters) - Sea Ltd (SE.N), a Singapore-based online gaming and e-commerce company backed by Tencent (0700.HK), rose 13 percent their debut on Friday, giving the company a market valuation of $5.39 billion.

The company saw strong demand for its offering. It sold 59 million shares, 18.7 percent more than it had originally planned to, for $15 apiece, above its indicative range of $12 to $14.

Sea Ltd’s shares, which debuted at about 11:10 a.m. ET, had given up their gains within 20 minutes to trade down about 3.5 percent at $14.47, with trading volumes of 18.6 million making them the sixth most actively traded stock in the United States.


cont'd

https://www.reuters.com/article/us-sea-ipo/tencent-backed-se...

Sea Limited Reports Fourth Quarter and Full Year 2017 Results: https://seekingalpha.com/pr/17086856-sea-limited-reports-fou...

Sea Ltd 2017 Q4 - Results - Earnings Call Slides: https://seekingalpha.com/article/4151903-sea-ltd-2017-q4-res...

Starrob
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