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Top Reads this Week (13 Dec)
By Financial Horse  •  December 13, 2020
Rounding up top reads from around the web, including articles shared by fellow investors in the Financial Horse Facebook Group. Singapore’s Sea to raise about US$2b in stock offering (Business Times) Sea plans to offer 11 million American Depositary Shares, with the option to sell another 1.65 million, according to a statement. The offering would total US$2.2 billion at Wednesday’s closing price or US$2.6 billion with the additional shares. Goldman Sachs Group and JPMorgan Chase & Co are bookrunners for the deal. Sea, a games company that has expanded into e-commerce, has surged to a market valuation of US$100 billion with its shares rising more than 400 per cent this year alone. It intends to spend the proceeds from the new offering on business expansion, “including potential strategic investments and acquisitions”, the company said in its statement. Sea’s first self-made mobile game, a battle royale called Free Fire, has attracted tens of millions of players and its gameplay is now one of YouTube’s most-watched attractions...
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By Financial Horse
Financial Horse was founded with a simple goal – To provide high quality financial commentary, in plain English. He is a firm believer in Einstein’s quote that “If you can’t explain it to six-year-old, you don’t understand it yourself.” Too much of finance is shrouded in complex jargon, and Financial Horse aims to demystify financial investments.
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