Thu, Dec 22, 2011 | 21:35 GMT
Razer secures $50 million in funding, remains “opportunistic” on future IPO
Razer has announced it’s secured $50 million from IDG-Accel Capital Fund, a venture capital firm in Beijing, and company is considering making an initial public offering. According to chief executive Min-Liang Tan: “Given our global reach, we wanted an institutional partner who didn’t just provide funding but could also help us scale. We remain opportunistic and going public is one of the many routes we can take. We’re focused on our products and design and ultimately believe that those are key to a successful business, and the IPO process will sort itself out.
The firm hasn’t set a date for its IPO, which is currently pending while consultations with its financial advisers are in the works. Via ABS-CBN.