Gaming peripheral maker Razer is a publicly traded company, listed on the Stock Exchange of Hong Kong with its 1337 stock code. It is a very fitting code for the company, but also one that it may not need for much longer. This is because a group of the company’s top executives have offered to take the company private.
The group, led by Chairman and company CEO Min-Liang Tan, and non-executive director Kaling Lim, are offering HK$2.82 a share for all of the remaining Razer shares. This totals up to around HK$10.79 billion, or US$1.28 billion (~RM5.85 billion). The two of them already own 57% of the company.
Founded in 2005, Razer went public in November 2017. And four years later, the company is going private once again. The reason for wanting to go back to being a private company is stated to be low trading volumes resulting in being undervalued.
All that being said, it remains to be seen what impact this will have on the Razer customer base. So far, Tan has only mentioned that laptop prices are expected to go up next year, which includes the Razer Blade. But this is more to do with the chip shortage than the company going private.
(Source: HKEX [PDF] via CNBC, Reuters)
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