Alibaba is about to get a jolt from its largest rival in Southeast Asia. Sea, the Nasdaq-listed business, is raising as much as $1.5 billion from a new share offering that’s sure to be funneled into its Shopee e-commerce business. Singapore-based Sea said in a filing that it plans to offer 60 million American Depositary Shares (ADS) at a price of $22.50 each.

Topics:  nasdaq-listed   singapore-based sea   american depositary shares ads     that s   airpay   garena   gmv   october   ipo that   forrest li   aliexpress   tokopedia   softbank s vision fund    greater southeast   taiwan   china   ceo   december    we   lazada s   alibaba   asia    sea   sea   shopee   sea s   southeast   lazada   raising   billion   million   price   year   percent   company   include   strong   growth   annual   loss   service   increase   largest   direct   revenue   total   continue   included   general   capital   net   businesses   raised   quarter   time   focus   
BING NEWS:
  • Sea surges after J.P. Morgan says TikTok Indonesia raising commissions could benefit Shopee
    Sea's (NYSE:SE) stock rose about 7% on Tuesday after J.P. Morgan noted that TikTok raising commissions in Indonesia leaves room for Sea's e-commerce platform Shopee Indonesia to increase take-rates.
    04/16/2024 - 5:01 am | View Link
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