Expanding to mobile and listing IPO!
Min-Liang Tan, CEO and co-founder of Razer talks future of Razer
Min-Liang Tan, CEO and co-founder of Razer, avoided using the word “smartphone” but did confirm in an interview with CNBC that the company is developing a mobile gaming device. “One of the most hotly rumored things about Razer is that we’re coming up with a mobile device,” said the exec. “And I can say that we are coming up with a mobile device specifically geared toward gamers and entertainment.” Tan also stated that they are aiming for a 2017 release.
Rumors of a mobile device surfaced after its acquisition of smartphone manufacturer Nextbit at the beginning of the year. Further fuel was added when the company nixed support for Nextbit’s cloud-based Robin smartphone. The thought is that Razer would only shut down an acquired asset if it was working on a similar branded product. He did not reveal how much the IPO would yield but Reuters reported that the initial public offering would place the company on the market with a valuation of between $3 billion and $5 billion. The deal could raise about $400 million for the war chest.