If You'd Invested $1,000 in Sea Limited In 2017, This Is How Much You Would Have Today
When Sea Limited (NYSE: SE) went public in Oct. 2017, most American investors didn't pay much attention to the stock. The Singapore-based e-commerce and gaming company priced its shares at $15, but the stock remained below its IPO price over most of the following year.
However, investors who took a chance on Sea and invested just $1,000 in its IPO would now be sitting on over $20,000. Let's see why investors weren't initially interested in Sea, why that sentiment shifted, and whether or not the stock will generate even more multibagger gains in the future.
When Sea filed its IPO in 2017, its numbers were messy. Its revenue rose 18% to $345.6 million in 2016, but its net loss more than doubled from $103.4 million to $222.9 million.
Source Fool.com
