Singapore tech giant Sea plans IPO for financial services arm Monee, memo says
The memo said the tech group would also launch an AI-first enterprise platform named Sea Cloud.
Singapore-based technology conglomerate Sea Limited is set to go public with its financial services arm, Monee, according to an internal memo. The company will also introduce an AI-driven enterprise platform called Sea Cloud, as revealed in a message from the organization's founder, Forrest Li. Monee operates across Singapore, Indonesia, Malaysia, Thailand, Vietnam, the Philippines, Taiwan, and Brazil, providing mobile wallets, payment processing, credit, and banking services.
Li expressed confidence that a public listing would empower Monee to expand and accelerate its operations further. The company's revenue has grown an impressive 80-fold in the nine years since its New York listing, reaching $7.8 billion. The memo did not elicit a response from the company regarding the IPO plans.
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- Singapore tech giant Sea plans IPO for financial services arm Monee, memo says channelnewsasia.com
- Sea’s CEO says financial services arm Monee could go public, WSJ reports investing.com
- Sea plans IPO for financial services arm Monee, memo says straitstimes.com
- Sea plans IPO for financial services arm Monee: source techinasia.com
