Tencent-Backed Tech Giant Sea Taps Investors for $6 Billion – The Wall Street Journal

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Southeast Asia’s most valuable listed company, Sea Ltd. , is raising at least $6 billion in new funds, capitalizing on investor enthusiasm for the region’s fast-growing technology industry.

The Tencent Holdings Ltd. -backed gaming, e-commerce and digital-finance company said late Thursday that it had priced the deal, which includes both new shares and convertible bonds. Sea said some of the proceeds would help expand its business, while funds could also be deployed on “potential strategic investments and acquisitions.”