Monday, September 14th 2020

Corsair Gaming, Inc. Launches Initial Public Offering

Corsair Gaming, Inc. ("Corsair"), a leading global provider and innovator of high-performance gear for gamers and content creators, announced today that it has commenced an initial public offering of 14,000,000 shares of its common stock, approximately 7,500,000 of which are being offered by Corsair and approximately 6,500,000 of which are being offered by a selling stockholder. In connection with the offering, the underwriters will also have a 30-day option to purchase up to an additional 2,100,000 shares of common stock from the selling stockholder. The initial public offering price is estimated to be between $16.00 and $18.00 per share. Corsair has applied to list its common stock on the Nasdaq Global Market under the ticker symbol "CRSR." The offering is subject to market conditions, and there can be no assurance as to whether, or when, the offering may be completed or as to the actual size or terms of the offering.

Goldman Sachs & Co. LLC, Barclays and Credit Suisse are serving as lead book-running managers and as representatives of the underwriters for the proposed offering. Macquarie Capital, Baird, Cowen and Stifel are also acting as book-running managers for the proposed offering. Wedbush Securities and Academy Securities are acting as co-managers for the proposed offering.
The proposed offering will be made only by means of a prospectus. A copy of the preliminary prospectus relating to this offering, when available, may be obtained from: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at 1-866-471-2526 or by e-mail at prospectusny@ny.email.gs.com; Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 1-888-603-5847 or by e-mail at barclaysprospectus@broadridge.com; or Credit Suisse, Attention: Credit Suisse Prospectus Department, 6933 Louis Stephens Drive, Morrisville, North Carolina 27560, by telephone at 1-800-221-1037 or by e-mail to usa.prospectus@credit-suisse.com.
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6 Comments on Corsair Gaming, Inc. Launches Initial Public Offering

#1
Bayfront Benny
Corsair Components
Corsair Capital
Corsair Gaming
Can anyone explain how these are divided and what holds what parts of the business we know?
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#2
Bubster
a kinda screwed up time to do an IPO...Market is set for a steep correction...Bad idea Corsair
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#4
dragontamer5788
Bubster
a kinda screwed up time to do an IPO...Market is set for a steep correction...Bad idea Corsair
Its only bad if the stock price drops before they IPO.

The best time for an IPO is right before a crash, maximizing the value of your stock, in exchange for hard $$$ which can save you if the economy falters.
Posted on Reply
#5
Th3pwn3r
Bubster
a kinda screwed up time to do an IPO...Market is set for a steep correction...Bad idea Corsair
WRONG! Perfect idea for Corsair, bad idea for investors.
Posted on Reply
#6
watzupken
Th3pwn3r
WRONG! Perfect idea for Corsair, bad idea for investors.
This is true. In fact I wonder if Corsair will be a profitable company in the first place. It seems like a lot of companies are just doing IPOs after IPOs to get more money, but I feel the prospect is questionable. I actually don't see Corsair doing anything different, other than doubling down products that's already very saturated with a lot of competition.
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