IPOs & Markets
The investment could value the company between $52b and $59b.
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Garena’s latest deals show its comeback has an AI angle
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Private Credit
The investment will be carried out over the next five years.
Analysis
The average management fee collection rate fell to 71% last year from 89% in 2021.
The company plans to price the issue at $135 per share.
Garena’s latest AI-linked bets follow a lull after its investment spree around 2021 to 2022.
Greater China
Singapore is also an area of activity, with a number of managers continuing to grow there.
Indonesia
The company has secured funding from a group of strategic and institutional investors.
Rest of Asia
The deal cost was expected to be around $827m.
Tiger said investors can still trade overseas.
Revenue rose 10.3% to 58.7 billion yuan.
