SEA

Square Peg has just announced the close of its fourth pool of venture capital with an impressive US$450 million (A$594 million). This brings its total venture capital chest to over $1 billion.

Sea Group announced its intention to offer 11M American depositary shares, which can raise $2.2 billion for the company. It also intends to give the underwriters an option to buy up to 1.65 million additional shares, which can yield an additional $300 million to $400 million for the company.

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