Sea sells Sea shares on the NYSE

The performance of the share price in Sea was unusually strong; part of the reason is the magic name Tencent on the shareholder register.

A follow-on deal for a southeast Asian internet company this week illustrated just how much investor appetite there is for digital stocks in Asia – particularly if the name Tencent appears in the shareholder list. Few companies see an increase in their share price right through a primary follow-on, particularly when their value has doubled since the start of the year anyway.

Sea Limited is a Singapore-based internet company and the operator of southeast Asia’s biggest gaming platform.

Access intelligence that drives action

To unlock this research, enter your email to log in or enquire about access