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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