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.