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23 October 2017

Big Deal: Sea secures $884m in IPO

The Tencent-backed online services provider floated above its range, showing the promise in Southeast Asia for Chinese internet companies.

Author: Robert Lavine, News Editor

Singapore-based online services provider Sea raised $884m on Friday in an initial public offering that provided exits for investors including China-headquartered internet group Tencent, showing the potential for Chinese investment in the region.