The Tencent-backed online services provider floated above its range, showing the promise in Southeast Asia for Chinese internet companies.

Singapore-based online services provider Sea raised $884m on Friday in an initial public offering that provided exits for investors including China-headquartered internet group Tencent, showing the potential for Chinese investment in the region. Sea issued almost 59 million American Depositary Shares on the New York Stock Exchange priced at $15.00 each, increasing the number from…

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