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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 Forbes-Calvin is a freelance writer and photographer, mostly operating within the games industry. Over his career, he has written for the likes of MCV, Eurogamer, GamesIndustry.biz, The Observer, VGC and Esquire. That's on top of writing books for Dark Horse on RuneScape, Assassin's Creed, Dead Island 2 and more.