Sea Limited IPO: What Investors Need to Know
Unicorns are spawning everywhere in the world.
That's "unicorn" in the financial sense -- an early-stage company valued at over $1 billion. One of these rare creatures, Singapore-headquartered Sea Limited, will land on our shores after a splashy IPO. That's coming soon, so let's take a closer look at the company and its issue.
Sea Limited, known until recently as Garena, was founded in 2009 as an online games portal. Today's Sea Limited makes the bulk of its revenue from digital entertainment -- in fact, the digital-entertainment division retains the name Garena -- mainly by selling in-game items to players of its 18 titles.
Source: Fool.com
