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   

 

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