Razer officially unveils $550 million IPO plans

Gaming accessories and hardware firm Razer has officially revealed its intention to float on the Hong Kong Stock Exchange.

The company said a total of 1.063bn primary shares are being offered. 957,240,000 of these are going to be international offer shares, while the remaining 106,360,000 shares are Hong Kong Public Offering shares.

High valuation

Razer is currently expecting an offer price of between HK$2.93 and HK$4.00 per share (that's roughly $0.38-$0.51). If these shares sell at full price, Razer is looking at a $550m valuation.

A press released also provided a good overview of Razer’s business. The firm claims it has sold 27.5m connected devices and since the start of calendar year 2014 it has sold more than $1bn in hardware.

Our sister-site PCGamesInsider.biz has the full story.