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.
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.
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.
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