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Reports claim Razer has raised $528m in IPO

Reports claim Razer has raised $528m in IPO

It would seem that games hardware firm Razer could worth more than half a billion dollars.

That’s according to a report from the International Financing Review - as reported by Reuters - which claims that has priced its IPO at HK$3.88 per share.

This means the company could be set to raise $528m when it floats. This is slightly under the maximum amount the company could have raised - $550m - but is still at the high end of the spectrum.

Razer confirmed it was going to be floating on the Hong Kong Stock Exchange last week after rumours over the summer. In July, rumours were flying that the company had - erm - set its sights on a £3bn - $5bn valuation.

In addition to an IPO, the firm has also announced a Razer Phone - a super high-end spec mobile device. More about that with our good friends over on PocketGamer.biz.

The firm claims to have sold 27.5m units of hardware and sold $1bn in tech since 2014 and boasts an audience of 2.2bn gamers


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Editor - PC Games Insider

Alex Calvin launched PCGamesInsider.biz in August 2017 and has been its editor since. Prior to this, he was deputy editor at UK based games trade paper MCV and content editor for marketing and events for London Games Festival 2017. His work has also appeared in Eurogamer, The Observer, Kotaku UK, Esquire UK and Develop.

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