Gaming firm backed by Hong Kong's richest man prices IPO near top end

Key Points
  • Gaming company Razer raised $528 million in its initial public offering

Razer, a gaming hardware maker backed by Intel and Hong Kong billionaire Li Ka-shing, has priced its initial public offering (IPO) near the top end of the range, raising HK$4.12 billion ($528 million), IFR reported on Tuesday.

Razer Inc. products.
Source: Razer Inc.

The IPO has been priced at HK$3.88, the Thomson Reuters publication reported, adding the company, which is based in Singapore and the United States, was offering 1.063 billion primary shares in an indicative range of HK$2.93 to HK$4.00 each.

A Razor spokesman did not immediately respond to Reuters emailed request for comment.