It’s not clear if they will re-list on the Stock Exchange, but if they do … they plan relist the company’s shares in the NYSE, possible on the NASDAQ.
Taken from TPU … Razer (RAZFF) is set to become privately held after shareholders voted to delist from the Hong Kong stock exchange in a privatization deal that values the company at $3.17 billion USD. The privatization scheme is led by a consortium of Razer’s co-founders Tan and Kaling Lim who currently own 57% of the company along with private equity firm CVC Capital Partners.
The plan was approved by over 75% of shareholders at a recent general meeting and will see the withdrawal of company shares from the Hong Kong stock exchange at 9:00 a.m. on Friday, 13 May 2022. This private ownership of the company isn’t expected to last long with the owners planning to relist the company’s shares in the US in the hopes of gathering a higher valuation. Razer continues to record growth with revenues of $1.62 billion USD in the 2021 FY, up 33% from the previous year.
