Deals
Razer CEO to Become a Billionaire With Li Ka-shing Backing
- Early investor team includes Li, Temasek, Hartono and Intel
- Company seeks Hong Kong IPO to raise at least $400 million
Min-Liang Tan, co-founder and chief executive officer of Razer Inc.
Photographer: Anthony Kwan/BloombergThis article is for subscribers only.
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.