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Razer is currently targeting a $5 billion IPO in Hong Kong so the company can expand in China, and some of those funds will reportedly be used toward the development of a gaming smartphone. Based on the company’s buyout of Nextbit, the device may very likely be powered by Android. Razer is also developing a virtual currency called zGold and a software platform that connects and launches games for some 35 million users.
The company -- which makes accessories from mice to laptops that bear a green tri-headed snake -- is developing a mobile device tailored for its consumer base of hardcore gamers, according to the people. Razer’s share sale, which will give it ample ammunition to develop new gadgets, will seek to value the company at $3 billion to $5 billion, the people said, asking not to be identified talking about internal plans. It aims to list around October, the people said.
The company -- which makes accessories from mice to laptops that bear a green tri-headed snake -- is developing a mobile device tailored for its consumer base of hardcore gamers, according to the people. Razer’s share sale, which will give it ample ammunition to develop new gadgets, will seek to value the company at $3 billion to $5 billion, the people said, asking not to be identified talking about internal plans. It aims to list around October, the people said.