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Razer aims to raise $600 million from Hong Kong IPO

Date and valuation of flotation undisclosed

Razer aims to raise $600 million from Hong Kong IPO

PC gaming peripherals firm Razer has filed for an initial public offering on the Hong Kong stock exchange.

As reported by TechCrunch, the US company filed the initial paperwork on Friday, June 30th and according to a source is likely to raise at least $600 million through its floatation.

An official figure of what it’s looking to raise, a valuation and a date for the IPO were not disclosed.

Big money-maker

Razer was reported to have secured between $50 million and $100 million in investment from HC Horizons Ventures earlier this year.

The funding is thought to value the company at close to $2 billion, though specific figures were unavailable.

Razer makes most of its money from selling gaming peripherals, but the company has been expanding into new areas too. It January 2017 it acquired smartphone manufacturer Nextbit, responsible for the Robin Android phone.

In 2015 the firm bought out Android console maker Ouya, including all of its software, technology and development teams.

Though its plans are being kept close to its chest, Razer CEO Min-Liang Tan recently told the South China Morning Post that he felt there was a “huge opportunity” to disrupt the mobile market.

To that end, it recently formed a partnership with mobile telecoms and internet service provider Three to offer tariff plans, services and devices to gamers around the world, and will work together with Three on future mobile devices.


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Senior Editor

Craig Chapple is Senior Editor of PocketGamer.biz and InfluencerUpdate.biz. He was previously Deputy Editor at Develop and Online Editor at Nintendo of Europe.

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