A few years ago, it seemed unthinkable that the world’s hottest tech stock could hail from anywhere other than the US. That it could be Southeast Asian was an even more preposterous idea. In 2020, though, Singapore-based Sea Ltd is giving the likes of Google, Tesla, and Facebook a run for their money.
The 11-year-old consumer internet company went public on the New York Stock Exchange (NYSE) in October 2017, raising over US$1 billion. But it wasn’t until last year that it truly began to take off.
A 675% surge in its stock price since March 2019 betters any other blue-chip stock.