Sea IPO gets $100m commitment from Tencent

Sea said its backer Tencent Holdings, the Chinese technology giant, will take up a $100m portion of the southeast Asian e-sports company’s $696m IPO in the US.

  • By John Loh
  • 13 Oct 2017

Hong Kong-listed Tencent, which is already a principal shareholder in Sea, has indicated its interest in purchasing $100m worth of American Depositary Shares representing Class A ordinary shares at the IPO price, according to a filing from Sea on Thursday.

Sea’s founder Forrest Li and Tencent will ...

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