Razer 1337

Razer 1337

Postby winston » Fri Jun 30, 2017 8:04 am

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Razer leads firms with listing plans

by Janice Huang

Razer, a lifestyle brand for gamers held partly by Li Ka-shing's venture capital firm, plans to raise up to US$600 million (HK$4.68 billion) from an initial public offering in the local bourse.

The company, held partly by Li's Horizons Ventures, filed on Wednesday an application to list on the main board toward the end of the year, sources said.

If successful, it will be the first electronic sports firm to be listed in the SAR.

Razer teamed up with 3 Hong Kong, the mobile arm of Li's Hutchison Telecommunications, and opened a Razerstore in the SAR this month.

Source: The Standard
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Re: Razer IPO

Postby winston » Sat Jul 01, 2017 2:58 pm

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Singapore-founded gaming firm Razer moves to list in Hong Kong

by Marissa Lee

SINGAPORE - Razer, the Singaporean-founded gaming tech company has submitted a preliminary prospectus to the Hong Kong Stock Exchange.

Razer is now based in California and sells premium gaming peripherals like high-precision mice, customisable keyboards and gaming console controllers globally.

Even as Razer's revenues have grown, from US$315.2 million (S$435 million) in 2014 to US$392.1 million last year, its losses have widened, the prospectus lodged on Thursday (June 29) has shown.

From a net profit of US$20.3 million in 2014, Razer sank to a net loss of US$20.4 million in 2015, which nearly tripled to a loss of US$59.7 million in 2016.

Some of the losses arose from costs incurred when Razer sought an initial public offering (IPO) in the United States in 2014 that eventually did not proceed due to "unfavourable market conditions", Razer said in its prospectus.

Razer decided in the second quarter of 2015 to suspend its contemplated US IPO.

In April this year, Bloomberg reported that Razer was mulling a US$400 million IPO in Hong Kong, citing people with knowledge of the matter.

Razer's backers include Intel and Temasek Holdings' private equity unit Heliconia Capital Management.

Source: Straits Times
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Re: Razer IPO

Postby winston » Sun Jul 02, 2017 12:45 pm

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Singapore: Razer submits filing for $400m IPO on HK bourse

By Shiwen Yap

Singapore-founded gaming hardware design firm Razer is planning for a listing on the Hong Kong bourse to pursue growth plans in China, even as its losses increase amid revenue growth.

The company, which operates from Singapore and California and sells premium gaming peripherals, has made a preliminary filing with the Hong Kong Stock Exchange (HKSE). Credit Suisse and UBS are the joint sponsors for Razer’s listing.

Founded in 2005 and led by chief executive Min-Liang Tan, a former lawyer, according to a Bloomberg report that cited people familiar with the matter, the initial public offer (IPO) is expected to raise $400 million 2016 saw Razer post a loss of $59.7 million, up from US$20.4 million in 2015, according to details in a draft prospectus that it filed with the HKSE.

It posted revenues of $392 million in 2016, an increase from $320 million in 2015. These losses are expected to continue amid the expansion of its business operations; it has plans to introduce new product lines and services that will serve to diversify its revenue base.

According to Razer, it plans to support the cloud-based Robin smartphone and has spent $52.2 million on research and development (R&D) facilities in Chengdu, San Francisco, Shenzhen, Singapore and Taiwan as part of this effort to grow its portfolio of intellectual property (IP).

Notable individual Singaporean shareholders of the firm are Koh Boon Hwee (1.9%) and Lee Hsien Yang (0.32%), while significant institutional investors are Li Ka Shing’s Redmount Ventures and Foxconn Technology Group.

The last few quarters have seen Razer consolidate its position with a number of investment rounds, as well as acquisitions, with the company seemingly intent on leveraging on the current growth wave that the IoT, VR and mobile sectors are experiencing in Asia’s emerging markets.

Source: Deal Street Asia

https://www.dealstreetasia.com/stories/ ... 69cc61b4c8
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Re: Razer IPO

Postby winston » Mon Jul 03, 2017 8:02 am

Razer leads firms with listing plans

by Janice Huang

Razer, a lifestyle brand for gamers held partly by Li Ka-shing's venture capital firm, plans to raise up to US$600 million (HK$4.68 billion) from an initial public offering in the local bourse.

The company, held partly by Li's Horizons Ventures, filed on Wednesday an application to list on the main board toward the end of the year, sources said.

If successful, it will be the first electronic sports firm to be listed in the SAR.

Razer teamed up with 3 Hong Kong, the mobile arm of Li's Hutchison Telecommunications, and opened a Razerstore in the SAR this month.

Source: The Standard
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Re: Razer IPO

Postby winston » Thu Oct 19, 2017 8:09 am

Razer gauges mood toward US$600m IPO

by Janice Huang

Razer, a US-based computer hardware developer for the gaming industry, yesterday started a roadshow to gauge investor interest in its planned US$600 million (HK$4.68 billion) initial public offering in Hong Kong.

Joint sponsors Credit Suisse and UBS have also started drumming up investor support for the IPO among their clients.

In July, the media reported that the firm, with headquarters in San Francisco and Singapore, would like to list in Hong Kong this month. The company is partly owned by tycoon Li Ka- shing through Horizons Ventures.

Source: The Standard

http://www.thestandard.com.hk/section-n ... 1019&sid=2
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Re: Razer IPO

Postby winston » Fri Oct 27, 2017 8:00 pm

Gaming firm Razer to launch up to $550 million HK IPO on Monday: IFR

HONG KONG (Reuters) - Razer Inc, a gaming hardware maker backed by Intel Corp (INTC.O) and Hong Kong billionaire Li Ka-shing, plans to launch on Monday an up to $550 million Hong Kong initial public offering, IFR reported on Friday, citing people close to the deal.

The company, which is based in Singapore and the United States, will offer shares in an indicative range of HK$2.93 to HK$4.00 each, added IFR, a Thomson Reuters publication.

Razer has secured $150 million in commitments from cornerstone investors, including a $20 million investment from Singapore sovereign wealth fund GIC Pte Ltd [GIC.UL], IFR said.

Razer declined to comment, while GIC did not immediately reply to a Reuters request for comment.

The company was founded in 2005 by Min-Liang Tan and Robert Krakoff and has grown from producing a gaming mouse as its initial product to manufacturing laptops worth almost $4,000.

In 2016 it bought assets from a company previously known as THX Ltd, which was founded by George Lucas, and this year it acquired certain assets and intellectual property from mobile phone manufacturer Nextbit Systems.

The acquisitions are expected to help the company launch new products in coming years, including a mobile gaming device, a person familiar with Razer’s plans previously told Reuters.

Source: Reuters

http://www.reuters.com/article/us-razer ... ls%20Today
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Re: Razer IPO

Postby winston » Sat Oct 28, 2017 9:22 am

Brief: Razer to IPO in Hong Kong on Monday

by Jack Ellis

The news (via Reuters):

Gaming hardware firm Razer plans to launch its IPO on the Hong Kong Stock Exchange next Monday, Reuters’ IFR reports.

The US-Singaporean company will offer shares in an indicative range of US$0.38 to US$0.51 each, and the listing could raise up to US$550 million.

Cornerstone investors have already committed US$150 million, including US$20 million from Singaporean sovereign wealth fund GIC.

Why it matters:

Although Razer is headquartered in the US, it’s Singapore ties means its IPO will be closely watched by Southeast Asia’s tech startup ecosystem. Its listing follows just over a week after Singaporean unicorn Sea’s US$884 million IPO.

Razer has increasingly sought growth through M&A activity, with recent acquisitions including Lucasfilm spinout THX and mobile phone maker Nextbit. The company has apparently teased the launch of a mobile device in advance of an announcement on November 1.

Last month Razer published its proposal for a unified cashless payments system in Singapore, in response to an open request from the country’s prime minister. The plan attracted a mixed response, with some doubting its feasibility but others welcoming the gaming firm’s challenge to incumbent payments companies.

Source: TechInAsia

https://www.techinasia.com/razer-ipo-hk-monday
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Re: Razer IPO

Postby winston » Tue Oct 31, 2017 7:19 am

Razer seeks US$550 million in Hong Kong IPO, with an eye on the world’s largest game market

The company, founded by Singapore entrepreneur Tan Min Liang, has among its cornerstone investors Hong Kong’s wealthiest man, the owners of Indonesia’s biggest cigarette maker, and a Macau casino magnate.

The company, based in Singapore and San Francisco, plans to offer 1.06 billion shares at an indicative price of between HK$2.93 and HK$4 per share, according to a prospectus.

The stock is scheduled to trade for the first time on the Hong Kong stock exchange’s main board on November 13.


The stock offer puts Razer on the doorstep of the world’s largest market of smartphone users, where the revenue of computer and mobile games may grow 41 per cent to US$34.7 billion by 2021


Source: SCMP

http://www.scmp.com/business/companies/ ... rgest-game
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Re: Razer IPO 1337

Postby winston » Wed Nov 01, 2017 8:45 am

Razer HK sells 106b shares between HK$2.93 and HK$4.00

Source: The Edge

https://www.theedgesingapore.com/razers ... d-87358173
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Re: Razer IPO 1337

Postby winston » Thu Nov 02, 2017 11:11 am

<IPO News>RAZER (01337.HK) Introduces 'Razer Phone', Priced at US$700

RAZER (01337.HK) announced to introduce the group's first smartphone "Razer Phone".

Operating in Android system, the phone is targeting mobile game users in terms of functionality.

Cooperation with TENCENT (00700.HK), Square Enix and other game companies will be enhanced to boost game experience.

The phone is priced at US$699.99 (about HK$5,461), and orders can be placed from 1 November.

Sales will begin in countries with points of sales from 17 November.

In Europe, 3 Group will become the company's exclusive operator in the UK, Ireland, Denmark and Sweden.

Source: AAStocks Financial News
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