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Razer Files for IPO in Hong Kong to Raise $600 Million
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Razer Files for IPO in Hong Kong to Raise $600 Million
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12th July 2017, 05:56
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| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 148,652
 |  Razer Files for IPO in Hong Kong to Raise $600 Million This week Razer has made a preliminary filing for IPO on the Hong Kong Stock Exchange. The company plans to raise $600 million for future growth, particularly in Asia. In addition, the funding is supposed to improve the company’s overall march with investments in R&D as well as the brand. Razer's recent financial filings indicate Razer operated at a $20m profit in 2012-2013, but ran a loss of ~$70m in 2015-2016 because of multiple acquisitions as well as a tripling in R&D activities with a small uptick in revenue. http://www.anandtech.com/show/11611/...se-600-million |
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