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Gaming firm Razer rises more than 40 percent in Hong Kong debut

Reuters  |  HONG KONG 

By Sumeet Chatterjee and Donny KwokHONG KONG (Reuters) - Shares in Razer Inc, backed by Intel Corp and Hong Kong billionaire Li Ka-shing, surged as much as 42 percent in their Hong Kong stock market debut on Monday, amid growing retail demand for new technology stocks.Razer said last week it raised about HK$3.9 billion ($500 million), excluding underwriting and other expenses, after pricing the IPO of 1.063 billion primary shares near top of the HK$2.93-HK$4.00 range.The Razer stock opened at around HK$5 on Monday and extended its gains to as much as HK$5.49 in early trade, posting a gain of ...

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First Published: Mon, November 13 2017. 09:55 IST
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