*Official* MasterLeong Thread - Part 2

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MasterLeong

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power of 5 tiger generals

azi23o.png
 

MasterLeong

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Garena picks Goldman for US$1 billion IPO
By Bloomberg / Bloomberg | January 11, 2017 : 4:35 PM MYT
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SINGAPORE (Jan 11): Garena, Southeast Asia’s most valuable startup, picked Goldman Sachs Group Inc. to lead a planned initial public offering that could fetch about US$1 billion ($1.44 billion), according to people with knowledge of the matter.

The Singapore-based online gaming portal and e-commerce provider plans to select additional banks as soon as this month, the people said. Garena is considering listing in the US, the people said, asking not to be identified because the information is private.

If completed, the deal would be a boon for backers such as Tencent Holdings and mark the largest technology IPO out of Southeast Asia. It may open the door for offerings from other local startups, including ride-hailing leader Grab and e-commerce operator Tokopedia.

“This is an extremely significant deal,” said Vishal Harnal, a partner at 500 Startups in Singapore. “Once you have a success story coming out of the region, it becomes easier for others to emulate. An IPO of this magnitude will galvanize and serve as a beacon to all the startups in Southeast Asia.”

The deal would add to the US$9.9 billion in first-time share sales by technology companies globally in the past 12 months, according to data compiled by Bloomberg. Garena, which is also backed by Malaysia’s sovereign wealth fund, would join Japanese messaging provider Line Corp. in selling shares in the US to fund expansion.

Garena was founded by Chinese entrepreneur Forrest Li as an online gaming company in 2009. It has since branched out to add mobile shopping and payment services in Southeast Asia. The firm was valued at about US$3.75 billion when it raised US$170 million in a fundraising round in March 2016. Garena –- a portmanteau of “global arena” -- has grown net revenue 13-fold since 2011 to US$270 million in 2015.

(See also: Game changer)

(See also: Growing beyond games)

Li was born and raised in the Chinese port city of Tianjin and did stints at Motorola Solutions Inc. and Corning Inc. after college. He decided he couldn’t continue as a corporate manager and enrolled in Stanford’s MBA program. He started Garena as Southeast Asia’s version of Tencent and has since become a citizen of Singapore.

Other backers of Garena include Ontario Teachers’ Pension Plan and private-equity firm General Atlantic LLC.

(See also: Temasek unit among new wave of investors in Garena)

The company aims to complete the IPO in the next two years, one of the people said. Representatives for Garena and Goldman Sachs declined to comment.
 

Average

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Curious how much money the average students have nowadays. Need to know to keep up with the times with my kids in the future :s13::s13::s13:
must see the family well to do anot... those better ones probly have 50k at minimum. rich ones in hundreds of k of assets.

peasants can range between zero to 30k+, depending on his fate and lifestyle.

also NS rank is impt ...

i dun think i ever got hefty allowance from parents.

Sent from 穷小子 using GAGT
 

Weaboo

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Wow Garena ipo

Still remember last time play wc3 and Dota and lol and hon on their server
 

MasterLeong

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Wow Garena ipo

Still remember last time play wc3 and Dota and lol and hon on their server

I recently playing lol again on garena
Surprisingly many ppl play lol
Q time only 20 secs to 1 min, so popular sia
LOL more popular than dota
 

DamienK

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must see the family well to do anot... those better ones probly have 50k at minimum. rich ones in hundreds of k of assets.

peasants can range between zero to 30k+, depending on his fate and lifestyle.

also NS rank is impt ...

i dun think i ever got hefty allowance from parents.

Sent from 穷小子 using GAGT

my pocket money $4/day. Weekend dun have. Stop giving once finish sec 4. have to go work part time for pocket money and pay for school fee. no wonder so many people complaining about strawberry generation in EDMW :s13::s13:
 

shared

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Typical students about 10k to 80k net worth while in uni. Average should have 30k for guys.

Most of my guy classmates have about 30k-80k

Got a handful with 6 figures, ranging from 100k to 500k. Some of my friends are in this range.

Theres a few rich ones, in their early 20s having 500k and above, driving branded cars to school already. Some even own properties under their name lol
 

MasterLeong

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Typical students about 10k to 80k net worth while in uni. Average should have 30k for guys.

Most of my guy classmates have about 30k-80k

Got a handful with 6 figures, ranging from 100k to 500k. Some of my friends are in this range.

Theres a few rich ones, in their early 20s having 500k and above, driving branded cars to school already. Some even own properties under their name lol

wah.... nowadays students all so rich

early 20s so much money liao, jin envy sia
 
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