Asian Tech Press (SEP 09) -- Singapore's Sea Ltd. has filed documents saying it plans to raise $6.3 billion through equity and convertible bond offerings, making it one of the largest financings ever in the region.

Sea is seeking to issue 11 million American Depositary Receipts (ADRs), according to the filing. As of Wednesday's close, Sea shares had reached $343.80. The company said the financing is planned to be used for general corporate purposes, including strategic investments and acquisitions.

Sea Group went public on the NYSE in 2017. The financial results show that Sea's revenue in 2018, 2019 and 2020 was $827 million, $2.175 billion and $4.376 billion, respectively. Sea's revenue was $4.044 billion in H1 2021, a significant increase from $1.597 billion in the same period last year.

The company's shares rose nearly fivefold last year as the epidemic quarantine measures drove strong demand for technology. This year, Sea shares have soared 72.72% to date. In less than three years since 2019, Sea shares have soared from $11.12 to $343.80, a 30-fold increase.

Headquartered in Singapore, Sea Ltd. is currently the highest market cap company in Southeast Asia, with a market capitalization of $185 billion. The company's main businesses include gaming, e-commerce and digital finance. Its e-commerce platform Shopee is planning to expand to Europe and India. At the end of last year, Sea also obtained an all-digital banking license in Singapore.