Sea Limited Announces Proposed Offering of American Depositary Shares
09 Dezembro 2020 - 7:20PM
Business Wire
Sea Limited (NYSE: SE) (“Sea” or the “Company”) today announced
that it proposes to offer 11,000,000 American Depositary Shares
(“ADSs”), each representing one Class A ordinary share of the
Company, in an underwritten public offering. All of the ADSs to be
sold in the offering will be offered by Sea. Sea intends to grant
to the underwriters a 30-day option to purchase up to an additional
1,650,000 ADSs on the same terms and conditions.
The Company expects to use the net proceeds from this offering
for business expansion and other general corporate purposes,
including potential strategic investments and acquisitions.
Goldman Sachs (Asia) L.L.C. and J.P. Morgan Securities LLC are
acting as joint bookrunners for the proposed offering.
The offering will be made pursuant to a shelf registration
statement on Form F-3ASR, which became automatically effective upon
filing with the U.S. Securities and Exchange Commission (“SEC”) on
March 1, 2019, New York City time. A preliminary prospectus
supplement related to the proposed ADS offering has been filed with
the SEC. Before you invest, you should read the preliminary
prospectus supplement and accompanying prospectus and other
documents the Company has filed with the SEC for more complete
information about Sea and this offering. The registration statement
on Form F-3ASR and the preliminary prospectus supplement are
available at the SEC website at: http://www.sec.gov. Copies of the
registration statement on Form F-3ASR, the preliminary prospectus
supplement and the accompanying prospectus may be obtained from
Goldman Sachs & Co. LLC, 200 West Street, New York, NY
10282-2198, Attn: Prospectus Department, by telephone at
212-902-1171, or J.P. Morgan Securities LLC, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, New York
11717, by telephone at 866 803-9204.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy any securities, nor shall there be
any sale of these securities in any state or jurisdiction in which
such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
This press release contains information about a proposed
offering of ADSs, and there can be no assurance that an offering
will be completed.
About Sea Limited
Sea Limited (NYSE: SE) is a leading global consumer internet
company founded in Singapore in 2009. Our mission is to better the
lives of consumers and small businesses with technology. We operate
three core businesses across digital entertainment, e-commerce, as
well as digital payments and financial services, known as Garena,
Shopee, and SeaMoney, respectively. Garena is a leading global
online games developer and publisher. Shopee is the largest
pan-regional e-commerce platform in Southeast Asia and Taiwan.
SeaMoney is a leading digital payments and financial services
provider in Southeast Asia.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the “safe harbor” provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
“will,” “expects,” “anticipates,” “future,” “intends,” “plans,”
“believes,” “estimates,” “confident,” “guidance,” and similar
statements. Among other things, statements that are not historical
facts, including statements about Sea’s beliefs and expectations,
the business, financial and market outlook, and projections from
its management in this announcement, as well as Sea’s strategic and
operational plans, contain forward-looking statements. Sea may also
make written or oral forward-looking statements in its periodic
reports to the SEC, in its annual report to shareholders, in press
releases, and other written materials, and in oral statements made
by its officers, directors, or employees to third parties.
Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: Sea’s goals
and strategies; its future business development, financial
condition, financial results, and results of operations; the growth
in, and market size of, the digital entertainment, e-commerce and
digital financial services industries in the markets where it
operates, including segments within those industries; changes in
its revenue, costs or expenditures; its ability to continue to
source, develop and offer new and attractive online games and to
offer other engaging digital entertainment content; the growth of
its digital entertainment, e-commerce and digital financial
services businesses and platforms; the growth in its user base,
level of user engagement, and monetization; its ability to continue
to develop new technologies and/or upgrade its existing
technologies; growth and trends of its markets and competition in
its industries; government policies and regulations relating to its
industries; general economic and business conditions in its
markets; and the impact of widespread health developments,
including the global coronavirus pandemic, and the responses
thereto (such as voluntary and in some cases, mandatory quarantines
as well as shut downs and other restrictions on travel and
commercial, social and other activities) which could materially and
adversely affect, among other things, the business and
manufacturing activities of its sellers, merchants and logistics
providers, the global supply chain including those of its sellers’
and merchants’, and consumer discretionary spending. Further
information regarding these and other risks is included in Sea’s
filings with the SEC. All information provided in this press
release and in the attachments is as of the date of this press
release, and Sea undertakes no obligation to update any
forward-looking statement, except as required under applicable
law.
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