Could Sea Limited Stock Help You Become a Millionaire?
SESea(SE) The Motley Fool·2024-03-13 19:03

Sea Limited (SE -0.67%) minted a lot of millionaires in the first four years after its initial public offering (IPO) in October 2017. The Singapore-based e-commerce and gaming company went public at 15,anditssharessoaredtoanalltimehighofnearly15, and its shares soared to an all-time high of nearly 367 on Oct. 19, 2021. A 50,000investmentinitsIPOwouldhaveblossomedinto50,000 investment in its IPO would have blossomed into 1.2 million. However, Sea's stock now trades at about 58sothatinvestmentwouldhaveshriveledtoroughly58 -- so that investment would have shriveled to roughly 193,000. That's still a near-four bagger gain in less than se ...