Sea Limited considers pursuing Monee IPO as it marks ninth anniversary of NYSE listing

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Sea Limited is considering spinning off its financial services division Monee through an IPO to secure more resources for business development, according to a plan proposed by founder Forrest Li in an internal memo. Formerly known as SeaMoney, Monee was renamed in May 2025 and provides digital payments, lending and banking services across eight markets. The plan comes as Sea marks the ninth anniversary of its NYSE listing; the group’s revenue reached US$7.8 billion in the second quarter of 2026, more than 80 times its revenue when it went public in 2017.