Friday, April 29th 2022
Razer Set To Go Private With Delisting from Hong Kong Stock Exchange in May 2022
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.
Source:
Razer (via Wccftech)
58 Comments on Razer Set To Go Private With Delisting from Hong Kong Stock Exchange in May 2022
There are many other companies out there that provide similar products that I haven't had issues with and I'll stick with them. You do you, I'll do me. I'm glad you enjoy Razer's stuff, but I don't. I am justified in my position, you don't get to decide that for me or anyone else.
Since their goal is to increase market valuation, staying private does not accomplish this expediently.
Wallstreet/shareholders are a finicky group.
They ever fix their plug and play driver from install at system level permissions
www.bleepingcomputer.com/news/security/razer-bug-lets-you-become-a-windows-10-admin-by-plugging-in-a-mouse/
1.Their logo
2.worst build quality on market
I'm a great believer in opensource firmware not because it's opensource but purely because it offers more features and 9 times out of 10 manufacturers firmware is based of said opensource stuff. look at 90% of routers on the market today, do they compile their own firmware from the ground up? Hell no they butcher OpenWRT and put their own branding on it and disable features depending on how little you pay. If you want the best features razer has to offer it's probably the same find an opensource alternative to their firmware.
Razer I think is pretty obviously trying to get out of Dodge with this move, almost every world renowned Chinese product is being accused of espionage. Any accusation be it fact or fiction can damage a public company getting ahead of that seems a smart move to me.
Imagine if your only choice of gaming mouse was an old 400dpi ball mouse (this was literally the ONLY choice back in the day), people today are spoiled with variety and LOVE to jump on bandwagons however insane their driver may be.
Razer fans don't understand any better, which is your problem.
Now IF you had stated that you don't like the company because of your bad experiences, that would be understandable. But that is not what you've been saying. The element Osmium comes to mind... Those were NOT hard facts, they are subjective OPINION. You showed a product and made a purely subjective comparison, then made a claim about price without providing any supporting evidence and then presented your comparitive claim against Razer, again without any supporting evidence. Yes, you really should.
(To be fair, Logitech has the same problems, with using chinese ormon "50M" cycle switches which are lucky to last 6 months before the contacts degrade, rather than the genuine Japanese switches. Even Honeywell unique switches would be an improvement. I know--I solder in my own mouse switches, and I have honeywell as well as Japanese D2F-01's).
And I'll never buy another razer product because Synapse is spyware. End of story. Even if they toned the "online/phone home" crap down from the early Deathadder Chroma days, I'm sorry, but we don't need our personal information getting stolen without our permission.
When you get a mouse that has BUILT IN INSTALLER FIRMWARE THAT INSTALLS AN INSTALLER TO WINDOWS AS SOON AS YOU PLUG IT IN, unless you block the files, that's too much for me to handle.
Never used any raser products personally besides to shave :laugh:
At one time I would of said redragon 901 mouse was the greatest thing since sliced bread but then they came out with the 901_2 which is frankly a POS compared to the original 901.
If some said no way blah... I sure wouldn't give a shit or make a big sticking rebut about it I like personal experiences of products.
imho: overhyped and overpriced brand (i have also a lot of qualms about quality but i will not voice it further, to not delve into the impolite downright insulting side )
ah wait i have a Razer Tartarus V2 atm ... still going good, aside one Synapse f'up :laugh: (eh... i am a Belkin n52 nostalgic ... ) and i can't even redo any profile now or change them heheh ... (lucky that's a software fail ahah ... a first from Razer for me :D ) i am puzzled though, why that one is fine, maybe i can add it to the list of the only product from Razer i had and was impressed with ... namely a Boomslang and a Copperhead Lava (in short the first product from Razer, later one : "downhill soapy slope" for them ;) )
disclaimer: "i was hating Razer even before it was cool to do so" :D