<article>Singapore-founded gaming hardware design firm <a style="color: #000080;" href="http://dealstreetasia.com/tag/razer" target="_blank" rel="noopener noreferrer">Razer</a> is planning for a listing on the Hong Kong bourse to pursue growth plans in China, even as its losses increase amid revenue growth.</article>

Singapore-founded gaming hardware design firm <a style="color: #000080;" href="http://dealstreetasia.com/tag/razer" target="_blank" rel="noopener noreferrer">Razer</a> 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 <a style="color: #000080;" href="http://dealstreetasia.com/tag/hkse" target="_blank" rel="noopener noreferrer">Hong Kong Stock Exchange (HKSE)</a>. 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&amp;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&#8217;s emerging markets.
Also Read:
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/singapore-razer-acquires-minority-stake-mol-global-75567/">Singapore: Razer acquires minority stake in Malaysia’s MOL Global</a>
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/razer-unrelenting-focus-tan-min-liang-72805/">Razer’s brand growth driven by unrelenting focus: Min-Liang Tan</a>
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/singaporerazer-to-lach-53158/">Singapore: Razer launches $30m fund targeting IoT, VR startups</a>

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

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

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