Razer goes private, will be removed from the Hong Kong stock exchange in May 2022

It appears Razer is planning to go private as company shareholders voted to delist from Hong Kong in a privatization deal that would value the company at $3.17 billion. The privatization is led by Razer co-founders Tan and Kaling Lim, who currently own 57% of the company, along with private equity firm CVC Capital Partners.

The privatization plan was recently approved by more than 75% of the shareholders in a general meeting. Razer will withdraw its shares from the Hong Kong Stock Exchange on May 13, 2022 at 9:00 am.

Private ownership of the company is not expected to last long, however, as the owners plan to re-market the company’s stock in the US for a higher valuation. Razer posted revenue of $1.62 billion in 2021, a 33% increase from the previous year.

Via Razer

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