Razer targeting a $5 billion IPO Valuation

Razer targeting a $5 billion IPO Valuation

Razer is aiming to enlist itself on Hong Kong IPO, one that would shoot the company’s valuation to around $5 billion. This comes on the back of news that they will be developing their own smartphones.

Razer wants to start the process in Hong Kong in October before making its way to China, where the gaming industry is worth an astounding US$25 billion (AU$32.22 million). The gaming gear manufacturer currently makes its presence felt in the world’s most populous country with the help of e-commerce goliaths Alibaba and JD.com. Razer CEO and creative director Min-Liang Tan has recently mentioned that the company has sold US$1 billion (AU$1.29 billion) worth of products worldwide since 2014.

Source and Quote from IBTimes. 

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