Sea’s CEO says financial services arm Monee could go public, WSJ reports

Sea Ltd. (NYSE: SE) digital financial services arm, Monee, may consider going public as the business continues to expand, according to a report by the Wall Street Journal. Chief Executive Forrest Li revealed this in an internal memo marking the ninth anniversary of Sea's listing on the New York Stock Exchange. Monee, which has been Sea's fastest-growing business in recent quarters, could potentially operate independently at a certain stage.

Sea, one of Southeast Asia's largest companies by market value, operates e-commerce platform Shopee and gaming division Garena, all of which are well-scaled, profitable, and growing. Li attributed Sea's public listing with providing capital and credibility, enabling more investors to participate in its growth. However, Li did not disclose a timeline or specifics of a potential offering.