Razer sees gain of as much as 41% on IPO debut

Singapore

RAZER'S share performance on its first trading day on Monday got a boost from investor confidence in Asian tech IPOs (initial public offerings) as well as the firm's diversification from gaming into smartphones and e-payments.

Razer's stock price surged by as much as 41 per cent to HK$5.49 (S$0.96) during its debut on the Hong Kong Stock Exchange. The Singaporean-founded, San Francisco-based firm had priced its IPO at HK$3.88 (near the top of the range) and raised HK$3.9 billion in net proceeds.