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Gaming hardware maker Razer seeks October Hong Kong IPO at up to $5 billion valuation: source

Reuters  |  HONG KONG 

(Reuters) - Inc, a gaming hardware maker backed by Intel Corp and billionaire Li Ka-shing, plans to go public toward the end of October in an that will value the company at up to $5 billion, a person familiar with the deal said on Wednesday.

The company is considering a valuation range of between $3 billion to $5 billion, with a final decision on the size of and its overall value depending on market conditions at the time of the deal, added the person, who couldn't be named because details of the transaction aren't public.

filed for the late last month in a deal that Thomson publication IFR said could raise around $400 million.

declined to comment.

(Reporting by Elzio Barreto; Editing by Muralikumar Anantharaman)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, July 12 2017. 14:18 IST