Sea Ltd
- Industry
- Internet Platforms
- Exchange
- US
- Country
- USA
- IPO date
- Oct 20, 2017
- Employees
- 102,700
- Website
- www.sea.com
Composite valuation range · conservative $50–$70 / fair $75–$110 / optimistic $130–$170. At $104.39, Within the fair intrinsic-value range.
At publication $84.49 (Jun 9, 2026)
Data from EODHD, shown in the reporting currency; for reference only, not investment advice.
Sea Limited, through its subsidiaries, operates as a technology company in Southeast Asia, Latin America, the rest of Asia, and internationally. The company operates through E-commerce, Digital Financial Services, and Digital Entertainment segments. It offers Garena, a digital entertainment platform for users to access mobile and PC online games, as well as promotes eSports operations and develops games. The company also operates the Shopee e-commerce platform, a mobile-centric marketplace that provides integrated payments, logistics and fulfillment infrastructure, and other value-added services. In addition, it offers Monee digital financial services comprising consumer, and small and medium-sized enterprises (SME) credit, e- wallets, payment processing, banking, Insurtech, and wealth services; and acts as an underwriter for various life and non-life insurance products under the MoneeInsure tradename, as well as insurance agency services. It serves buyers, such as individuals and households; and sellers, including small and medium businesses, brands, and large retailers. The company was formerly known as Garena Interactive Holding Limited and changed its name to Sea Limited in April 2017. Sea Limited was incorporated in 2009 and is headquartered in Singapore.
History
Sea Limited was incorporated in 2009 in Singapore, founded by Forrest Li (李小冬), beginning as Garena distributing League of Legends in Southeast Asia. SeaMoney (now Monee) started in 2014 and the Shopee e-commerce platform launched in 2015. Formerly known as Garena Interactive Holding Limited, the company changed its name to Sea Limited in April 2017 and listed on the NYSE in October 2017 at an IPO price of USD 15 per share. Shopee's GMV surpassed USD 10B in 2019; in 2022 Free Fire was delisted in India and Shopee exited markets including India, Argentina, Chile and Mexico amid layoffs, with the group reaching its first annual profit in 2023.
Industry position
Sea Limited is the largest internet platform company in Southeast Asia, headquartered in Singapore and listed on the NYSE, operating through three segments: Shopee (e-commerce), Monee (digital financial services, formerly SeaMoney) and Garena (digital entertainment). In FY2025 group revenue was USD 22.9B (+36.4%), with Shopee at USD 14.5B (about 63% of the group), Monee at USD 3.79B and Garena at USD 2.41B. Shopee holds roughly 53% of Southeast Asia platform e-commerce GMV and ranks first across all six major markets, competing with TikTok Shop (ByteDance) and Lazada (Alibaba); Garena's Free Fire competes against larger players such as Tencent, NetEase and Roblox. The company employs 102,700 people across six Southeast Asian markets plus Taiwan and Brazil.