Monday, November 13, 2017

Razer Raises $530M In Hong Kong IPO

Gaming accessory maker Razer, which has offices in Irvine and was founded in San Diego, has raised $530M in its IPO in Hong Kong this morning. The company, which makes gaming notebooks, headsets, keyboards, mice, and other accessories, is led by CEO Tan Min-Liang, and was co-founded by San Diego resident Robert Krakoff. The IPO makes Min-Liang a billionaire, at least on paper; it's unclear how much of Razer is still owned by Krakoff. Razer was venture backed by the Singapore GIC, Horizons Ventures, Kingkey Enterprise Holdings LTD, IDG-Accel, and Intel Capital.