Razer CEO Tan Min-Liang speaks with CNBC’s Joanna Ossinger on stage at the Super AI convention in Singapore on June 11, 2026.
Super AI 2026
Blockbuster initial public offerings by companies participating in the global artificial intelligence race could become a lasting feature of the industry, Ming Liang Tan, CEO of Singapore gaming company Razer, said on Thursday, ahead of a series of widely anticipated public debuts by leading AI companies.
“I think it’s very exciting to see so many new companies entering the public capital markets, but I think this is just the beginning,” Tan told CNBC’s Joanna Osinger at Singapore’s SuperAI convention, referring to IPO filings by tech giants SpaceX, Anthropic and OpenAI.
“There will be waves of second and third generations,” he added.
Tan’s comments came a day before Elon Musk’s SpaceX (which includes xAI, the business unit that oversees X and Musk’s Grok model) makes its public debut with an IPO aiming for a historic valuation of $1.77 trillion.
OpenAI filed to go public in the United States on Monday afternoon, following rival Anthropic, which filed an IPO application with the Securities and Exchange Commission a week ago.
Anthropic closed its Series H funding round on May 28th at a valuation of $965 billion, surpassing OpenAI, which was valued at $852 billion in March.
Unlike the frenzied filings of AI companies about to debut on Wall Street, Tan’s Razer delisted from the Hong Kong Stock Exchange in April 2022 after five years on the exchange, which he said was to allow the exchange to focus on AI development.
In Razer’s privatization deal, a consortium of investors led by co-founder Tan and Hong Kong-based private equity firm CVC Capital Partners offered to provide up to HK$10.79 billion ($1.38 billion) to buy out the shares it did not own at a price of HK$2.82 per share. The company debuted in 2017 with an IPO of HK$3.88 per share.
In February, the company announced that it had invested more than $600 million in AI development and launched a series of wearable AI products aimed at a core target audience with a focus on gaming.
Tan took to the SuperAI stage to promote Project Motoko, an AI headset the company unveiled at CES in January, which provides users with real-time translation services, cooking guidance, and repair instructions.
Razer’s other AI hardware products include workstations designed for heavy AI workloads and Ava, an AI desktop companion.
“We are fully committed to AI,” Tan said, adding that the company is exploring how AI can express human-like personalities and emotions.
