Razer CEO to become billionaire with Li Ka-shing backing

Major shareholder: Tan, a Singapore entrepreneur, owns about 42 of the San Francisco-based Razer. — Reuters

SINGAPORE: After raising funds from Asia’s biggest investors, including Hong Kong tycoon Li Ka-shing and Singapore’s Temasek Holdings Pte Ltd, Razer Inc is turning to the market for an initial public offering (IPO) that will make its co-founder Tan Min-Liang a billionaire.

Tan, a Singapore entrepreneur who’s also Razer’s chief executive officer, owns about 42% of the San Francisco-based maker of video gaming accessories such as mice and headsets, together with his family.