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
About 2-3 yrs later, I thought, well maybe by now they've gotten their shit together & fixed their issues, so I bought another mouse from them, and it had even moar build quality issues, and their software seemed to have gotten even moar buggy than before, so......onto my permanent blacklist they went and there they will stay forever !
Therefore, as far as I am concerned, Razer can just BMA & Die, I certainly won't lose any sleep over it :)
i was all in for razer a few years back, had a lot of razer devices, all of them broke fairly fast.
can't remember all of them, but i had a naga that had a piece under the left click break, unable to use the mouse after that.
another mouse same issue (wasnt a naga but some other wireless one that came after), 2 of the next wireless had their micro usb charger break
had the LCD screen keyboard that had the LCD break and the hand rest rubber just have the glue melt and the rubber just left the keyboard.
i mean overall i had 2 keyboards and 4 mouse + 1 headset from razer completely broke down in 1-2 years of use only.
so, i wouldn't call their product good quality.
www.amazon.com/Razer-Basilisk-Customizable-Ergonomic-Gaming/dp/B09C13PZX7
www.amazon.com/Razer-Cynosa-Chroma-Gaming-Keyboard/dp/B075KMZ4MX
www.amazon.com/Razer-DeathAdder-Essential-Gaming-Mouse/dp/B094PS5RZQ
www.amazon.com/Razer-DeathAdder-Gaming-Mouse-Programmable/dp/B082G5SPR5
www.amazon.com/Razer-Ornata-Gaming-Keyboard-Customizable/dp/B086PDNSPP
Hmm...
Every brand does good and bad products, just as every brand has some major flops now and then. Razer is not special, like any of the more gaming centric brands it's usually on the overpriced side of price ranges and given how it markets itself (very agressive branding, rgb everything, GAMING!!!) it usually has quite a polarizing effect on customers (as seen by this thread lol). Their products are just as high quality as most other mass produced gaming peripherals - not great not terrible.
As for the actual topic, it's certainly on the positive for the company since US exchanges would make them less susceptible to CCP random crackdowns and might attract some big bucks in investment from both relisting and just the way the US stock market works in general (much more agressive than other markets), for Razer it should be all positive, for customers and users it either doesn't matter or it brings some bad possibilities with introduction and push of more stupid stuff like razer coins and other monetization features.
Though Synapse, NFT, skins and virtual goods are beyond me and don't use them. RGB can be controlled with OpenRGB and I guess that's all I need. If you say there are better deals, please mention brands or models, because not all is available in Europe or other parts of the world.
By the way how they can be listed in Hong Kong if their headquarters are in USA and Singapore?
Too many reports (even fairly recently) of shoddy quality (ever look at their laptop line? They're nice looking but there's been wayyy too many issues with them) even in recent years that they need to keep working at it to make it worth the purchase.