Home > Gaming > Razer Sharpened For IPO

Razer Sharpened For IPO

Game gear maker Razer is looking for a big slice of the Hong Kong dollar with an IPO that could value it at up to US$5 billion. Razer will use the money to develop its own mobile phone and gaming device.

The IPO would be one of the largest tech debuts in the Asian financial centre in years.

Razer wants to build a mobile device tailored for its consumer base of hardcore gamers. It also wants to use Hong Kong as a launch pad to accelerate expansion into China’s $25 billion gaming market.

Researchers say the global video games industry is expected to grow about 25 percent to $146 billion in 2020 from an estimated $117 billion this year.



You may also like
Razer Makes False Claims About RGB Mask, Must Now Pay FTC
Reddit Makes IPO Debut, Shares Soar 48%
Razer Unveils New Soundbar With AI Tracking
Honor Prepares For IPO 3 Years After Becoming Independent
Arm IPO to Attract Investments From Tech Giants