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Razer prices IPO at HK$3.88 a share amid strong retail interest

Public tranche 289 times over-subscribed; retail allocation increased to 50% under HK clawback rule

Published Tue, Nov 7, 2017 · 09:50 PM

Singapore

GAMING tech firm Razer is said to have priced its initial public offering (IPO) at HK$3.88 (S$0.68) a share, near the top end of its indicated price range on the back of strong interest from Hong Kong's retail investors.

Razer had tested a pricing range of between HK$2.93 and HK$4 a share during its investor roadshows. The price is now set at HK$3.88 apiece, Bloomberg reported on Tuesday citing sources.

The Hong Kong public tranche was …