|Bid||0.00 x 1300|
|Ask||0.00 x 2200|
|Day's Range||23.92 - 25.00|
|52 Week Range||10.06 - 25.14|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||25.78|
SINGAPORE, March 10, 2019 /PRNewswire/ -- Sea Limited (SE) ("Sea" or the "Company") today announced the closing of its previously announced offering of 60,000,000 American Depositary Shares ("ADSs"), each representing one Class A ordinary share of the Company, at US$22.50 per ADS. In response to strong investor demand, the offering size was increased from an initial 50,000,000 ADSs as announced when the Company launched the deal. The underwriters of the offering have also fully exercised their option to purchase an additional 9,000,000 ADSs on the same terms and conditions, bringing the total number of ADSs offered to 69,000,000 and the total amount of funds raised to over US$1.5 billion.
Singapore-based digital entertainment company Sea Ltd said it has priced its follow-on offering at $22.50 per American depositary share (ADS), valuing the total size of the issue at $1.35 billion. All the ADSs to be sold in the offering were offered by Sea, with an overallotment option of 9 million ADSs, the company said in a statement dated March 5. Last week, the company had said it was planning to sell 50 million ADSs, with principal shareholder Tencent Holdings indicating an interest in purchasing $50 million of the offering.
(Bloomberg) -- Sea Ltd., operator of Southeast Asia’s biggest gaming platform, has raised $1.35 billion after increasing the size of a follow-on stock offering.
SINGAPORE, March 5, 2019 /PRNewswire/ -- Sea Limited (SE) ("Sea" or the "Company") today announced the pricing of 60,000,000 American Depositary Shares ("ADS"), each representing one Class A ordinary share of the Company, at US$22.50 per ADS in an underwritten public offering. All of the ADSs to be sold in the offering were offered by Sea. Sea has granted the underwriters a 30-day option to purchase up to an additional 9,000,000 ADSs on the same terms and conditions.
The video game industry has been in a strange place since the release of Player Unknown's Battlegrounds in March 2017. Whenever an industry-wide step change takes place, it's almost always driven by a fear of missing out, or "FOMO." With PUBG, the gaming industry found "battle royale," its biggest genre hit since Minecraft. But amid all the battle royale madness, there are still appealing video game stocks to buy that don't rely on new titles within the BR genre for impressive gains.Investors just aren't paying much attention to them. And understandably so.The battle royale genre, which was popularized by Fortnite shortly after PUBG's release, has sent developers tripping over themselves to make the definitive BR title, and it has caused investors to take cash out of any video game investment threatened by Fortnite's dominance. Now, the copycats are here, and Electronic Arts (NASDAQ:EA) is up 22% so far in 2019, as it's the publisher behind trendy new battle royale contender Apex Legends.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut, as is characteristic of any "FOMO" play, the mere-exposure effect tends to lead gamers, developers and investors to all drink from the same pool of water. That is, the more popular a thing is, and the more we are exposed to that thing, the more we gravitate toward it, unconsciously or not. * 7 Chinese Stocks to Buy for the 2019 Rebound For investors, this is particularly disconcerting, as it means chasing areas of investment that have already peaked rather than making sound decisions for our long-term financial health. Think bitcoin. In response, I've put together this short, but vital, list of small- and mid-cap video game stocks that may have been overlooked. Each of these gaming stocks has a strong catalyst independent of the Fortnite/battle royale hysteria. Sea Ltd (SE): Battle Royale Meets eBaySource: Shutterstock You may not have heard of it, but Sea Ltd (NYSE:SE), the parent company of Garena, is responsible for the original mobile battle royale game, Free Fire, released around the same time as PUBG. As Garena's first in-house title, Free Fire has proven itself a monster hit. In fact, as of SE stock's most recent quarterly earnings statement, FF sports more than 350 million registered users, of whom 40 million are daily active users (DAUs). What's more, Garena's relationship with Tencent (OTCMKTS:TCEHY) has allowed SE stock to benefit from global video game sensations, including League of Legends.But all of this is just one segment of Garena's parent company, Sea Limited. In addition to digital entertainment, SE benefits greatly from e-commerce and digital financial services. In fact, its e-commerce business, Shopee, generated $3.4 billion in gross merchandise volume (GMV) and $127 million in sales for Q4, a year-over-year increase of 1,262%!Considering the success SE has had in diversifying its business, it's no wonder SE stock has nearly doubled this year. With momentum like this, it's not unusual for bullish analysts to revise their price targets, which currently average out to $24.67. Take-Two Interactive (TTWO): Playing By Its Own RulesSource: Via RockstarAside from Red Dead Redemption 2's Make It Count mode, Take-Two Interactive's (NASDAQ:TTWO) entire portfolio is free of battle royale games.In fact, TTWO's entire publishing methodology goes against modern games development … rather than releasing big tentpole titles on an annual schedule, Take-Two spends years cultivating franchises. It's the opposite of rival EA, which releases a new Call of Duty game every year without fail. And it's this alternative approach that has made Take-Two one of the best video game stocks to buy for quite some time now.TTWO's formula works, as the newest Red Dead shipped more than 23 million copies to retailers, and Q3 revenue jumped to $1.25 billion from $481 million. Further, management increased its outlook for the full year, citing a "record year" for bookings and cash. Despite this, TTWO stock is down nearly 20% year-to-date as investors had more lofty expectations. * 7 Stocks Under $10 You Shouldn't Buy Considering it has one of the most sought-after gaming portfolios in the industry, and Take-Two stock is considered a buyout target from a Big Tech company like Microsoft (NASDAQ:MSFT) or Amazon (NASDAQ:AMZN), TTWO appears oversold. If it can get to the consensus price target of $124.06, that would represent a near-40% gain from its current perch. Not too shabby. Glu Mobile (GLUU): Freemium for AllSource: Shutterstock Unlike the other video game stocks on this list, Glu Mobile (NASDAQ:GLUU) focuses its efforts on the freemium model of mobile gaming. Its specialty is in celebrity endorsements (think Kim Kardashian, Brittany Spears, etc.). But its latest bout of high-profile branding comes from none other than Disney (NYSE:DIS).Glu Mobile currently holds a license to develop games based on Disney and Pixar characters. And Darla Anderson, producer of the hit film Coco, has joined the board of Glu Mobile to help steer it in the right direction. Disney Sorcerer's Arena will be the first title to come out of the licensing agreement, but far from the last.Its recent strategical pivot, in fact, has led Glu Mobile back to profitability. In its most recent quarter, GLUU posted a loss of 1 cent vs. a loss of 29 cents a year ago. Revenue, too, increased by roughly $15 million in the quarter. Still, GLUU shares plummeted as forecast bookings of $88 million to $90 million fell short of expectations for $93.5 million. Consequently, GLUU stock is off 8% since Feb. 5.With a robust mobile gaming market as its tailwind, GLUU stock can run much further if its partnership with Disney takes off. And this isn't a bad spot to buy.John Kilhefner is the Deputy Managing Editor of InvestorPlace.com. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Big Data Stocks That Deserve a Closer Look * 7 Best Energy Funds to Outperform the Market * 5 Blue-Chip Stocks Ready to Rise Compare Brokers The post 3 Small- to Mid-Cap Video Game Stocks to Buy appeared first on InvestorPlace.
SINGAPORE, March 1, 2019 /PRNewswire/ -- Sea Limited (SE) ("Sea" or the "Company") today announced that it proposes to offer 50,000,000 American Depositary Shares ("ADS"), 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 7,500,000 ADSs on the same terms and conditions.
It’s Sea Ltd.’s marquee hit, a virtual landscape housing more people than the American population and the prime reason Chinese-born founder Forrest Li is climbing the real world’s wealth rankings. The 41-year-old entrepreneur owns 13.8 percent of Singapore-based Sea, a stake now worth roughly $1 billion, according to the Bloomberg Billionaires Index. Shares in Southeast Asia’s biggest gaming service surged 35 percent on Wednesday -- the most since its 2017 initial public offering -- after reporting a doubling in sales and robust growth at e-commerce unit Shopee.
Though Sea Limited's (SEA) fourth-quarter 2018 results reflect benefits from robust growth in Digital Media segment and expanding e-commerce platform, rising expenses hurt.
To be fair, the Singapore-based and U.S.-listed company isn’t hiding its numbers based on generally accepted accounting principles, or GAAP. Dig down to page 7, though, and you’ll discover that the GAAP figure was more than 20 percent lower at $827 million. Interestingly, if the release had led with this figure the company could have correctly pointed out that GAAP sales doubled from a year earlier.
SINGAPORE , Feb. 14, 2019 /PRNewswire/ -- Sea Limited (NYSE: SE) ("Sea" or the "Company") plans to announce its fourth quarter and full year 2018 results after the U.S. market closes ...
When app developer Sattha Puangput was looking to move from a startup to a new role, he updated his profile on GetLinks, a website that pairs technology professionals with companies looking to beef up their tech teams. Customers say what sets GetLinks apart is its focus on matching specific tech skills such as app development and programming languages like Flutter and Docker - not just general programming - to meet the needs of Asia's fast-expanding tech companies and also more traditional companies seeking tech talent that in-house recruiters are not able to find. Chinese tech giant Alibaba, Thai conglomerate Siam Cement Group and Australian employment marketplace SEEK Group, participated in a funding round for GetLinks, headquartered in Bangkok, last year which raised "eight figures" in U.S. dollars, said the startup's co-founder, 26-year-old French-born Djoann Fal.
Kerrisdale Capital attended the MOI Global Best Ideas 2019 event this week and named Sea Ltd (NYSE: SE ) as the firm’s top overall stock pick. Tremendous Value In Kerrisdale CIO Sahm Adrangi’s presentation, ...
Back in 2009, Sahm Adrangi decided it was time to launch his own hedge fund, and so he founded Kerrisdale Capital Management, a New York-based investment management firm with the main focus on long-term value investments and event-driven special situations. The fund had successful investments throughout the years and in July 2017 it managed around […]