Razer Inc, a gaming hardware maker backed by Intel Corp and Hong Kong billionaire Li Ka-shing, plans to go public toward the end of October in an IPO that will value the company at up to $5 billion, a person familiar with the deal said on Wednesday.
The company is considering a valuation range of between $3 billion to $5 billion, with a final decision on the size of IPO and its overall value depending on market conditions at the time of the deal, added the person, who couldn`t be named because details of the transaction aren`t public.
Razer filed for the IPO late last month in a deal that Thomson Reuters publication IFR said could raise around $400 million.
Razer declined to comment.
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