Sea Limited plans Monee IPO while Sea Limited stock costs EUR 65.20

Sea Limited (ISIN US81141R1005) plans to list its fintech arm Monee and launch an enterprise AI platform, while its stock was trading at EUR 65.20 at Lang & Schwarz on October 26, 2026. Entrepreneur Asia Pacific reported on October 21, 2026, that an internal memorandum dated October 20 outlined both initiatives.

Monee brings scale and risk

The proposed listing would give Monee a separate valuation after its consumer and small-business loan book reached USD 11.1 billion at the end of June 2026, up 62 percent from a year earlier. The company has not disclosed an offering size, valuation or timetable, so the plan remains strategic rather than a priced transaction.

Monee's growth is material to Sea's earnings mix. In the second quarter of 2026, the unit generated USD 1.4 billion of GAAP revenue, up 59 percent year over year, and USD 288 million of adjusted EBITDA, up 13 percent. That adjusted EBITDA represented 31 percent of Sea's USD 917 million group adjusted EBITDA, according to Yahoo Finance.

What does Monee mean for margins?

The answer depends on whether faster lending growth can translate into faster profit growth. Monee's second-quarter adjusted EBITDA rose 13 percent, well below its 59 percent revenue growth, while loans more than 90 days overdue stood at 1 percent at the end of June 2026. Credit provisions and expansion spending therefore remain central operating variables.

Sea's broader second-quarter results provide the counterweight. Group GAAP revenue reached USD 7.8 billion, up 48 percent year over year, while net income rose 11 percent to USD 458 million. Shopee produced USD 5.6 billion of revenue and USD 255 million of adjusted EBITDA, and Garena generated USD 430 million of adjusted EBITDA in the same period.

Next reporting date is November 9

The next dated company event is Sea's earnings report scheduled for November 9, 2026, according to Bamboo. That release should provide the next measurable update on Monee's loan growth, asset quality and the proposed listing.

Stock price and investor context

Sea Limited is listed on the NYSE under ticker SE. Its market capitalization was USD 45.7 billion and its 52-week range was USD 74.12 to USD 164.03 as of October 26, 2026. Those US-dollar figures are separate from the euro quotation used for German investors.

Sea Limited stock was trading at EUR 65.20 at Lang & Schwarz on October 26, 2026 at 12:20 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Sea Limited stock.

Market context: Market report S&P 500.

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