This local company is set to make its mark internationally.
Fans of Razer rejoice – your favourite computer gaming brand is about to get bigger and better.
If things go their way, they could very well be valued at up to US$5 billion in the next few months.
According to Bloomberg, sources familiar with the matter have revealed that Razer Inc. aims to file for a Hong Kong Initial Public Offering in October that could value the locally produced company between a whopping US$3 – 5 billion.
As explained Razer’s founder Tan Min-Liang, there’s a special reason for Hong Kong. In June, the Singaporean revealed in an interview that he plans to use Hong Kong as starting point into China’s very profitable e-gaming market, which is estimated to be worth US$25 Billion.
What This Means
The consequences for this can only spell good news for Razer’s main customers – gamers. The Asian tech giant has already several exciting new projects in the works and is currently developing a mobile phone catered to gamers.
Earlier this year, Razer revealed Project Valerie, a prototype gaming laptop with not one, not two, but three computer screens to give hardcore gamers that optimal visual experience.
There is also Project Ariana, a device that literally projects your computer screen onto a wall, which creates a trippy immersive experience for gamers. Quite simply, it’s the closest you might ever get to gaming inside an IMAX theatre.
Razer is not pulling the stops when it comes to gaming innovation, and this new valuation could very well give it the nudge it needs to push the envelope.
Seeing as to how Razer has just valued at US$1.5 billion half a year ago in October, this potential IPO valuation could very well solidify its position as one of Asia’s most profitable and innovative tech companies at the moment.
Bleeds Gaming
Since its conception in 2005 by Singaporean Tan Min-Liang and American Robert Krakoff, Razer has certainly made its mark on the Asian tech scene in its 12-year history.
It has moved on from selling humble gaming equipment – like computer mice and headsets – to producing its own line of desktops and computer hardware.
In the past 10 years, Razer’s unique and interesting innovations have impressed the industry, especially with the Razer Switchblade – a mobile gaming device – and Project Christine, a customised modular PC concept that won the best PC Award at Consumer’s Electronic Show 2014.
Razer has also made moves to establish itself as a brand that not only sells gaming, but bleeds gaming. In recent years, Razer has sponsored several high-profile e-gaming teams like KTRolster and Prophecy.
The company itself has also been doing well. Yesterday (12 July), Razer was also awarded the Best Tech Company Award by the Singapore Computer Society, which recognises the best tech firms to work in for Singapore.
Razer is definitely moving fast in Asia, and perhaps it’s only a matter of time before the tri-headed green snake takes on the world.