Razer CEO, Min-Liang Tan, To Become A Billionaire After IPO
If gaming tech firm, Razer's latest venture works out as planned, the company value looks set to soar.
If gaming tech firm, Razer's latest venture works out as planned, the company value looks set to soar. They are currently looking to raise around S$743 Million through an initial public offering (IPO) in Hong Kong, that according to the Bloomberg Billionaires Index will give co-founder and CEO, Min-Liang Tan a net worth of over US$1.2 Billion and will set the company value at US$4.5 Billion.
This is the latest headline grabbing news from the innovative firm, whose early investors include Intel, Singapore venture capitalist Lee Hsien Yang, Michael Bambang Hartono, the Kingkey group and the Singapore wealth fund GIC.
Razer has predicted an IPO price of between HK$2.93 and HK$4 per share, with the price fixed on November 6 to start trading on November 13th.
The IPO also coincides with the launch of the brands first mobile phone, to be released in the US and Europe on November 2nd.