Razer’s IPO Raises Over $500 Million

Posted by at 7:16 am on November 14, 2017

Razer’s RGB peripherals are hot items but what is new is so is its share price. After listing on the Hong Kong Stock Exchange (stock code 1337 to offer shares for the first time, Razer’s stock jumped around 40 percent over its open IPO price, raising around US$529 million. Minus fees and services, Razer was left with $504 million.

Razer CEO Min-Liang Tan told CNBC  (click link to watch) in September that it wanted to go public so it would have a war chest to enable the company to invest more into research and development. Ultimately Razer wants to continue attempting to disrupt the market and “make cool products.”

Razer going public and the way the market has taken to the stock show manybelivie in the PC and PC gaming. They are speaking with their cash.

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