Razer to raise up to HK$4b in proposed HKSE listing
RAZER - the Singapore-founded gaming company - could raise up to HK$4.3 billion (S$749.7 million) in its proposed listing on the Hong Kong Stock Exchange (HKSE) main board.
Razer announced on Tuesday that it would offer some 1.063 billion shares at between HK$2.93 and HK$4 apiece. Of the shares, some 957 million shares will be for an international offering; and the remaining 106 million for a Hong Kong public offering.
Dealing in Razer's shares on the HKSE is expected to commence on Nov 13. Its Hong Kong public offering is expected to start on Nov 1 and close on Nov 6. Allotment results and the offer price are expected to be announced or made available on Nov 10.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Technology
Brokers’ take: DBS cuts Venture Corp price target after Q1 earnings miss
Garmin’s Q1 results beat on strong demand for fitness, auto products
Foxconn’s musical chairs sound like punk rock
US sets up board to advise on safe, secure use of AI
Regulate AI? How US, EU and China are going about It
Meta’s results are best viewed through rose-tinted AI glasses