Razer generated 22.9% of its revenue from Asia in 2016, including 12.7% in China.
Consumer electronics startup Razer, which develops and sells hardware and software products for gamers, made a preliminary filing to go public on the Hong Kong Stock Exchange earlier this week. The company plans to raise $600M at up to a $5B valuation. Private investors most recently valued the company at $2B following a $50M Series D in May, and the company has benefited from the popularity of video game streaming as well as eSports competitions.
Razer’s sales network already reaches 76 countries, according to the IPO filing. The company is based in California, but will use an HK IPO to further its (already strong) penetration in the China market: Razer generated 22.9% of its revenue from Asia in 2016, including 12.7% in China.
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