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The PC gaming hardware giant Razer is reportedly ready to go for an initial public offering, which could be worth $5 billion. The site for the IPO is apparently Hong Kong and achieving such an amount is also apparently intended to fuel the company’s mobile dreams. Rumors are already floating around that Razer could be creating a smartphone line that is specifically aimed at hardcore gamers.
Details surrounding the news regarding the smartphone are scarce at the moment, with Razer providing no information on the matter. Then again, there are telling signs such as the company’s acquisition of Nextbit Systems last January, which is a startup that involved with smartphone technology, Digital Trends reports.
At the time, Razer said that Nextbit would be entirely independent and a company of its own. However, it is also entirely possible that the two brands could be collaborating on creating a very special kind of smartphone.
What could potentially make this goal a reality for the company is the IPO that it is reportedly gearing up to offer, Bloomberg reports. According to sources with knowledge on the matter, Razer will be using its robust sales figures producing accessories and computers for video game enthusiasts as ammunition for justifying a valuation that could reach $5 billion.
As for the company’s reason to target Hong Kong, China does have a $25 billion market of gamers. It’s a fertile landscape for any brand that wants to offer players the chance to get their hands on high-quality accessories and units.
When the company was asked about its IPO plans, Razer naturally opted to decline to give any comments. It’s also worth noting that a US IPO was considered by the company, but ultimately, it seems a Hong Kong debut is going to be the much more attractive prospect.
