Ex-president of Sea Ltd launches PE firm to back Southeast Asia start-ups [Reuters]
Sea Limited American Depositary Shares, each representing one Class A Ordinary Share (SE)
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Source: Reuters
Ex-president of Sea Ltd launches PE firm to back Southeast Asia start-ups - Reuters 2 Min Read SINGAPORE, June 14 (Reuters) - Nicholas Nash, the former president of Singapore-based online gaming and e-commerce company Sea Ltd, has launched a private equity firm - Asia Partners - to invest in Southeast Asian technology start-ups. Asia Partners’ four other co-founders include Oliver Rippel, a former senior executive of South Africa’s Naspers, and Pitra Ciputra Harun, who was previously with Indonesian e-commerce company Bukalapak, according to the company statement on Friday. The private equity firm aims to make investments of between $20 million and $100 million. Nash, who was previously the Southeast Asian head of U.S. fund General Atlantic, played a key role in Tencent-backed Sea's initial public offer on the New York Stock Exchange, in which it raised nearly $900 million. Nash left Sea last year. reut.rs/2WDYt43 “At Asia Partners, we believe deeply in the potential for growth equit
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- Sea Limited (NYSE: SE) was upgraded by analysts at Morgan Stanley from an "equal weight" rating to an "overweight" rating. They now have a $70.00 price target on the stock, up previously from $65.00.MarketBeat
- Sea Limited (NYSE: SE) was upgraded by analysts at Bank of America Co. from a "neutral" rating to a "buy" rating. They now have a $70.00 price target on the stock, up previously from $62.00.MarketBeat
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Earnings
- 3/4/24 - Beat