Razer Inc., a U.S.-based computer hardware developer for the gaming industry backed by Hong Kong tycoon Li Ka-Shing, is planning to pursue an initial public offering on the Hong Kong Stock Exchange.
No financial details were disclosed in an IPO prospectus filed last week, but the company is reportedly seeking to raise between US$400 million to US$600 million in total. Once completed, it will become the first "e-sports concept stock" traded in Hong Kong.
Founded in 2005 by Singaporean entrepreneurs Min-Liang Tan and Robert Krakoff, Razer's main business is manufacturing gaming peripherals such as mouse, keyboards, and mouse pads, as well as laptops specifically designed for playing video games and e-sports events, where audience watch professional video game players compete on big screens. Around 50% of its sales came from the U.S. market, wh...
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