Sea Limited Weighs IPO for Financial Arm Monee, Launches AI Business

The Southeast Asian tech giant is exploring a public listing for its financial unit while expanding into artificial intelligence.

Technology conglomerate Sea Limited is considering an initial public offering (IPO) for its financial services arm, Monee, while also launching a new business venture in artificial intelligence, GuruFocus and Yahoo Finance Singapore reported.

According to Yahoo Finance Singapore, which cited a report by The Wall Street Journal, the company's chief executive stated that the financial services unit could go public. The move comes as Sea Limited broadens its operations into advanced technology and artificial intelligence.

Further details regarding the expected timetable for the public offering and the scope of the new artificial intelligence business have not yet been released.