Today: November 21, 2017, 4:49 pm
  
Business

Razer Inc. Announces Results of Global Offering

PR-Inside.com: 2017-11-10 10:24:03

Razer Inc. Announces Results of Global Offering

Instinctif Partners
Crystal Chan
Tel: +852 2884 3301 / 2972 2127
Mobile: +852 9122 9008
Crystal.Chan@instinctif.com
or
Galyna Kulachek
Tel: +852 2884 3301 / 37912287
Mobile: +852 9634 3211
Galyna.Kulachek@instinctif.com

Razer Inc. (“Razer” or the “Company”, HKEX stock code: 1337), the leading global lifestyle brand for gamers, today announces its Offer Price and results of its Global Offering. Razer has successfully set the Offer Price at HK$3.88 per Offer Share (excluding brokerage of 1%, SFC transaction levy of 0.0027%, and Hong Kong Stock Exchange trading fee of 0.005%), which results in Razer having a market capitalization of approximately HK$34,389 million (assuming the Over-allotment Option is not exercised).

Razer initially offered a total of 1,063,600,000 Offer Shares in the Global Offering, comprising an International Offering and a Hong Kong Public Offering.

The Hong Kong Public Offering was very significantly over-subscribed by 290.24 times of the total number of 106,360,000 Offer Shares initially available for subscription under the Hong Kong Public Offering. Due to the over-subscription in the Hong Kong Public Offering, a total of 425,440,000 Offer Shares have been reallocated from the International Offering to the Hong Kong Public Offering. As a result of such reallocation, the final number of Offer Shares allocated to the Hong Kong Public Offering and the International Offering are 531,800,000 Offer Shares and 531,800,000 Offer Shares respectively, representing 50% and 50% of the total number of Offering Shares initially available under the Global Offering. The Offer Shares initially offered under the International Offering were also very significantly over-subscribed.

Based on the Offer Price of HK$3.88 per Offer Share, the net proceeds from the Global Offering to be received by the Company, after deduction of the underwriting fees and commissions and estimated expenses payable by the Company in connection with the Global Offering and assuming that the Over-allotment Option is not exercised, are estimated to be approximately HK$3,930.7 million.

Dealings in the shares of Razer on the Main Board of the Stock Exchange are expected to commence at 9:00 a.m. on Monday, November 13, 2017.

Credit Suisse (Hong Kong) Limited and UBS Securities Hong Kong Limited are the Joint Sponsors of the Global Offering. Credit Suisse (Hong Kong) Limited and UBS AG Hong Kong Branch are Joint Global Coordinators. Credit Suisse (Hong Kong) Limited, UBS AG Hong Kong Branch, China International Capital Corporation Hong Kong Securities Limited, CMB International Capital Limited, ICBC International Capital Limited and UOB Kay Hian (Hong Kong) Limited are the Joint Bookrunners. Evercore Asia Limited acts as the Company’s Financial Advisor in relation to the Global Offering.

About Razer

Razer™ is the world’s leading lifestyle brand for gamers.

The triple-headed snake trademark of Razer is one of the most recognized logos in the global gaming and esports communities. With a fan base that spans every continent, the company has designed and built the world’s largest gamer-focused ecosystem of hardware, software and services.

Razer’s award-winning hardware ranges from high-performance gaming peripherals (for the PC and console platforms) to the Razer Blade gaming laptops. Razer’s software platform, with over 35M users, includes Razer Synapse (an Internet of Things platform), Razer Chroma (a proprietary RGB lighting technology system), and Razer Cortex (a game optimizer and launcher). Razer services include Razer zGold, one of the world’s largest virtual credit services for gamers, which allows gamers to purchase virtual goods and items from over 2,500 different games.

The company has a global footprint with 9 offices worldwide and is recognized as the leading brand for gamers in the US, Europe and China.

Founded in 2005 and dual-headquartered in San Francisco and Singapore, Razer is backed by institutional investors such as IDG-Accel, Intel Capital and Horizons Ventures.

THE INFORMATION CONTAINED HEREIN IS NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES OR ANY OTHER JURISDICTION. THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION. ANY PUBLIC OFFERING OF SECURITIES TO BE MADE IN THE UNITED STATES WILL BE MADE BY MEANS OF A PROSPECTUS THAT MAY BE OBTAINED FROM THE COMPANY AND THAT WILL CONTAIN DETAILED INFORMATION ABOUT THE COMPANY AND ITS MANAGEMENT AND FINANCIAL STATEMENTS. THE COMPANY HAS NOT REGISTERED, AND DOES NOT INTEND TO REGISTER, ANY OFFERING OR ANY PART THEREOF OR TO CONDUCT A PUBLIC OFFERING OF SECURITIES IN THE UNITED STATES. THIS WRITTEN MATERIAL IS NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES.

Press Information


Published by
Hossam Abdel-Kader
+43 1 9582319
e-mail
www.pr-inside.com/



# 784 Words
Related Articles
More From The Author
AHF Zambia Donates 100,000 Sanitary Pads to [..]
The AIDS Healthcare Foundation ( AHF : This press release features multimedia. View the full release here. First Lady of [..]
Powerstar Strengthens Its Market Leading Position with [..]
Powerstar, the market leading voltage optimisation and energy storage brand has completed the acquisition of Bromsgrove Winding [..]
Mitratech Announces New DataStoreDSX Compliance, Productivity and [..]
Company executives to also lead panel of experts on bridging the gap between legal, risk, and compliance at the event [..]
Verdantix Forecasts The European Drones Market For [..]
The market in Europe for drone-related equipment, software and services will grow from €197 million in 2017 to €3.9 billion [..]
Van Lanschot Participaties acquires a minority interest [..]
's-Hertogenbosch / Zaandam, 10 November 2017 Van Lanschot Participaties has reached an agreement on acquiring a minority interest [..]
 
More From Business
Nets Group launches JCB's J/Speedy NFC mobile [..]
Copenhagen and Tokyo, Nov 21, 2017 - (ACN Newswire) - The Nets Group and JCB International Co. Ltd. (JCBI), the [..]
JCB Special Offer at Changi's Mystical Garden [..]
SINGAPORE, Nov 17, 2017 - (ACN Newswire) - Changi Airport has teamed up with Sanrio, creators of characters beloved around [..]
Destination EU2018: Lithuania and Singapore Forge New [..]
SINGAPORE / VILNIUS, Nov 15, 2017 - (ACN Newswire) - Invest Lithuania and Singapore FinTech Association today signed a landmark [..]
Hong Leong Finance Chooses Kamakura's Risk Management [..]
Asset and Liability Management, Fund Transfer Pricing, and Liquidity Management SINGAPORE, Nov 14, 2017 - (ACN Newswire) - [..]
Tenant Direct- Letting Agents Southampton
Tenant Direct- Letting Agents Southampton Looking for the help of letting agents in Southampton? When it comes to finding a [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.