Sea Limited readies separate listing for fintech unit Monee
A memo from Forrest Li, reviewed by Reuters, indicates the company may take its financial services division public on its own.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
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What happened
Sea Limited is weighing a standalone initial public offering for Monee, its financial services unit, according to an internal memo from Forrest Li. The company also plans a cloud arm called Sea Cloud to offer services to businesses worldwide, alongside a new AI platform.
Why it matters
According to the memo, Monee's loan book and revenue are growing faster than those of Shopee and Garena.
Coverage
- Sea plans to spin off its fintech arm Monee into a separate IPO (startupfortune.com)
- Tech Giant Sea Eyes Monee IPO Nine Years After Its NYSE Debut (Fintech News Singapore)
- Sea starts enterprise cloud foray while eyeing a fintech arm IPO (The Business Times)
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