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Razer officially unveils $550 million IPO plans

Firm has sold more than $1 billion in hardware since start of 2014

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.


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PCGamesInsider Contributing Editor

Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he joined Steel Media as the editor for new site PCGamesInsider.biz. In October 2019 he left this full-time position at the company but still contributes to the site on a daily basis. He has also written for GamesIndustry.biz, VGC, Games London, The Observer/Guardian and Esquire UK.

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