You know Razer gaming devices, right? Surely you know, Razer itself is very popular in Indonesia. Now the gaming peripherals company Razer is trying to list on the Hong Kong stock exchange and its initial public offering has been a success. The company successfully offered 1.06 billion primary shares and raised HK$3.9 billion or 6.7 Trillion Rupiah according to a CNBC report.
As it turns out from this success that it failed to meet their expectations, Razer estimated it at 8.1 Trillion Rupiah at the time of its early July filing and much lower than the 67.5 Trillion some sources estimate, but still in line with the company’s forecast last week prior to listing.
Initial shares sold for HK£3.88 or 6,756 Thousand Rupiah. This is the HK$4.00 (6,891 Thousand Rupiah) much Razer was originally expected to achieve, but the price soon rose to HK$4.69 (8,108 Thousand Rupiah) – more than 20% higher than the initial price.
As a result, CNBC reports Razer’s stock has increased by 40% since its debut on the Exchange. There are five important investors, according to Razer’s prospectus, including: Davis Investment and Singapore-based wealth fund GIC.
Razer CEO Min Liang previously said that the proceeds from the IPO would be used for research and development of new products.
