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Razer Executives Mull Deal To Take Company Private

Razer logotype on keyboard
(Image credit: Razer)

Razer, the maker of  gaming hardware such as keyboards, microphones and mice, could be valued at up to $4.5 billion if plans by a consortium of the company’s executives to take the company private come to fruition, as reported by Reuters (opens in new tab).

Razer building, Singapore

(Image credit: Razer)

The RGB-enthusiast (opens in new tab) company, founded in Singapore in 1998, has traded at an average of HK$2.1 for the past month, but a group led by Razor chairman Min-Liang Tan and a non-executive director, Kaling Lim, who between them own 60% of shares, are said to be offering almost double that.

The consortium believes the company behind some of the best gaming mice (opens in new tab)has been undervalued in Hong Kong, as more importance is placed on mainland Chinese companies. The source of the information, however, declined to be identified by Reuters.

According to Reuters, Razer has declined to comment, but in a regulatory filing on Tuesday cited its board as saying there was no certainty the takeover would even go ahead, that the HK$4 offer price was similarly undetermined, and that no decision had been made. Razor shares jumped 11.5% at the news.

The Zephyr mask (opens in new tab) manufacturer went public in 2017, and uses the stock code 1337 on the Hong Kong Stock Exchange. Razer moved into a new Singapore headquarters in October this year, and somewhat predictably, the building glows green.

Ian Evenden
Ian Evenden

Ian Evenden is a UK-based news writer for Tom’s Hardware US. He’ll write about anything, but stories about Raspberry Pi and DIY robots seem to find their way to him.