September 09 - 09:09
E-commerce giant Sea looking to raise $6.3bn in record-breaking fundraiser
Tencent-backed e-commerce and gaming company Sea plans to raise about $6.3bn by selling new shares and convertible bonds. Sea is currently South-East Asia's most valuable company and the fundraiser would be the biggest one in the region. Sea said in a statement that the proceeds would be invested in growing the business as well as on “potential strategic investments and acquisitions.”
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