What's Next For Sea Limited? $40M Settlement, Investor Scrutiny, And Growth Questions

Sea Limited (NYSE:SE), the Singapore-based tech conglomerate behind Shopee, Garena, and SeaMoney, reached a $40 million settlement to resolve a federal securities class action alleging the company misled investors in connection with its September 14, 2021, secondary offering of American Depositary Shares and Notes. Plaintiffs claimed Sea’s offering materials concealed deteriorating intra-quarter user performance metrics for its digital entertainment segment and failed to adequately disclose the risk that In ...