News

Danielle Isaac

, Singapore

Published:

8 years ago

IPO could raise Razer CEO's net worth to $1.2b

Its early investor team includes Li Ka-shing, Temasek, and Intel.

Bloomberg reports that after raising funds from Asia’s biggest investors, including Hong Kong tycoon Li Ka-shing and Singapore’s Temasek Holdings Pte, Razer Inc. is turning to the market for an initial public offering that will make its co-founder Tan Min-Liang a billionaire.

Tan, a Singapore entrepreneur who’s also Razer’s chief executive officer, owns about 42 percent of the San Francisco-based maker of video gaming accessories such as mice and headsets, together with his family. Razer is offering more than a tenth of the company to raise at least $400 million in a Hong Kong IPO, giving Tan a net worth of more than $1.2 billion, according to the Bloomberg Billionaires Index.

Read the full report here.

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