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Razer is going private

Razer is going private

Games hardware specialist Razer has announced that it is going private in the future.

The move was revealed by the company's CEO and founder Min-Liang Tan on LinkedInspotted by Vulcan Post – with the exec saying that this had the support of 94.74 per cent of shareholders. The aim is for Razer to go private by the end of May and be delisted from the Hong Kong Stock Exchange.

"I would like to thank our shareholders for their support of Razer as we expanded our unique gamer-centric ecosystem and market presence in recent years," Tan wrote.

"We look forward to developing our ecosystem of hardware, software and services in our next phase as a private company."

As of April 27th, the company's share price is $0.36, giving Razer a market cap of $3.1 billion. 

Razer went public back in November 2017 having filed to do so the previous July.


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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