Corsair Readies Initial Public Offering
 

According to a stock market analyst with Seeking Alpha, Corsair is going public, with an initial public offering (IPO), in an effort to raise US $78 million, with a market capitalization of $223 million. Stifel, Nicolaus & Co., and RBC Capital Markets, will be underwriting it. Corsair will use the name "Corsair Components", and market symbol "CRSR" in its IPO.

Corsair has two main branches of products, memory products (DRAM and NAND flash products), and peripherals (power supply, cases, and gaming peripherals). Its income fluctuates with consumers' seasonal purchasing patterns. The company plans to net $42.5 million from its IPO, some of its proceeds go toward repaying a cumulative debt of $28 million, the rest of the proceeds go toward working capital and general corporate purposes. An estimated 4.1 million shares are expected to be sold by Corsair.

http://www.techpowerup.com/img/11-12-01/2a_thm.jpg

Source: Seeking Alpha

So, after Facebook they all think they'll get some easy buck by going public?

Whoever timed this IPO...:shadedshu

Not Good.

Liquid Cool - Financial Analyst

P.S. For an interesting read, just type in the two companies handling the IPO...and add SEC into Google.

And with that Corsair welcomes their new money grubbing overlords...stay tuned for plenty of cost cutting and corner cutting as they now live to feed the aforementioned overlords.

I wish I could be happy about seeing companies go public. But it seems almost every time I do, a short time later, they end up doing something that deserves a golden poo...or at least some kind of poo.

VENGEANCE!

(WhoTF makes such product names? I don't want! Is this for the rightwing customers in the US or in the Arab world? Give peace a fecking chance!)

I guess they feel they are well known and big enough to do so.

I'd personally prefer to see Corsair Components somewhere on an F1 car than ACER.

Well said, and it gave me a 'oh hell no' moment when I read that headline. I have been using Corsair PSU's and sometimes their RAM for a while now because I believe they make a quality product and now there's a serious possibility for that to change.

Saddly, its for nerdy american youth who feel like men if they have things like this. It has nothing to do with rightwing or leftwing. I would also suggest you look up the political compass.

This would be a big mistake for Corsair.


Why a US company is getting underwritten by Royal Bank Canada, I have no idea, but that fact alone should have indicated to them that this is a folly move.

Greed breeds rash stupidity.