Corsair Gaming, Inc. Launches Initial Public Offering
Back "in the day" an IPO was a really big deal as it indicated that a company was ready to take things to the next level. An IPO was also a make or break point for a company, some surged while others lost so much value that they were driven into obscurity.
There were rumors that Corsair was planning an IPO a few months ago and we have finally got confirmation of that today. Corsair will be trading under "CRSR" with an initial offer price between $16 and $18 USD.
Corsair has been a great company to work with and while I cannot say I have worked with them in in over 15 years I do wish them all the best however, I suspect in less than a year they will resend their IPO and move back to being a private company again.
FREMONT, CA. September 14, 2020—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.
Don't be suprised if I follow this one for quite awhile.
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