Gaming Hardware Company Seeks Secondary Listing In US: CNBC

Gaming hardware company Razer Inc (OTC:RAZFF) harbors secondary listing ambitions in the U.S., CNBC reports as per CEO Min-Liang Tan.
The laptop and PC peripheral manufacturer for gamers was founded in the U.S., where it’s making most of its revenue. It is also heavily investing in software and services.
Hong Kong-listed Razer’s first-half revenues jumped 68% to $752 million in 2021 as the lockdown led to the surge in gaming. Razer also turned to a net profit of $31.3 million in the first six months of 2021.
The vast majority of business is out of the U.S., followed by Europe and then Asia, primarily driven by sales in China.
Razer recently shut down its electronic wallet Razer Pay to focus on B2B for the fintech business and B2C, referring to the virtual credits for the Razer Gold business.
Tan remained tightlipped about exploring crypto and bitcoin prospects.
On the gaming front, Microsoft Corp (NASDAQ:MSFT) is targeting a cloud gaming debut this holiday season. Chinese regulatory crackdown prompted gaming giant Tencent Holdings Ltd (OTC:TCEHY) to focus on overseas expansion and game streaming.