Popular gaming accessory maker Razer has filed initial paperwork to go public in Hong Kong. According to TechCrunch, Razer is seeking to raise more than $600 million through its initial public offering (IPO). Earlier this year, Bloomberg reported that Razer was considering a lower figure, around $400 million.

Razer files for IPO in Hong Kong, reportedly seeking more than $600 million

The initial filing gives us a look at some of Razer's recent financials. In 2014, the company made a profit of $20.3 million, but those fortunes turned around with a $20 million loss the next year. More recently, the filings show, Razer notes a $59.6 million loss in 2016.

Save big with VPN deals from ExpressVPN, NordVPN, Surfshark & more

With the money raised through its IPO, Razer says it plans to expand its research and development efforts, finance new acquisitions and develop new verticals. Part of that includes a potential entry in the mobile device segment, which follows Razer's acquisition of mobile phone maker Nextbit earlier in 2017.