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Backing from Li Ka-shing will make Razer's CEO a billionaire

IPO

Backing from Li Ka-shing will make Razer's CEO a billionaire

Bloomberg Published on Wed, Nov 01, 2017 / 2:46 PM GMT+8

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(Nov 1): After raising funds from Asia’s biggest investors, including Hong Kong tycoon Li Ka-shing and Singapore’s Temasek Holdings, Razer Inc. is turning to the market for an initial public offering that will make its co-founder Tan Min-Liang a billionaire.

Tan, a Singapore entrepreneur who’s also Razer’s chief executive officer, owns about 42% of the San Francisco-based maker of video gaming accessories such as mice and headsets, together with his family. Razer is offering more than a tenth of the company to raise at least US$400 million ($544.7 million) in a Hong Kong IPO, giving Tan a net worth of more than US$1.2 billion, according to the Bloomberg Billionaires Index.

See: Razer's HK IPO to sell 1.06 bil shares at between HK$2.93 and HK$4.00