Sea, a leading online gaming platform in Southeast Asia, announced terms for its IPO on Friday.
The Singapore-based company plans to raise $646 million by offering 49.7 million ADSs at a price range of $12 to $14. At the midpoint of the proposed range, Sea would command a fully diluted market value of $4.2 billion.
Sea was founded in 2009 and booked $374 million in sales for the 12 months ended June 30, 2017. It plans to list on the NYSE under the symbol SE. Goldman Sachs (Asia), Morgan Stanley and Credit Suisse are the joint bookrunners on the deal. It is expected to price during the week of October 16, 2017.
