(Yicai Global) Oct. 30 – Razer USA Ltd, which does business as Razer Inc., a top brand for computer game devices in the US, initiated its Initial Public Offering (IPO) in Hong Kong today. It will become the first concept stock of eSports in Hong Kong. The company plans to introduce mobile devices customized for hardcore players in the end of this year.

Razer's IPO will not exceed USD550 million and the company valuation will reach USD5 billion, China Securities Journal reported today. Its investors include Intel Corporation [NASDAQ:INTC], Taiwan-based electronics manufacturer, Foxconn Technology Group [TPE:2354], and Li Ka-shing, the richest person in Hong Kong.

Razer was founded by Min-Liang Tan, a Singaporean, in California, the US in 1998, whose main business is developing specialized computer devices used in eSports, including laptops, mice, keyboards, headphones and mouse pads.

The company plans to enter new areas in the future. Razer acquired Nextbit, a smart phone start-up, for USD15 million this year and plans to unveil its first mobile device by early next year, its company prospectus shows.

It also acquired Ouya, an Android-based game manufacturer, which laid the foundation for the company to roll out mobile devices customized for the hardcore players, company info says. Razer will use funds obtained through its IPO to develop new devices.