Tags: US | Corsair | Components | IPO

Corsair Plans to Raise up to $86.3 Million in IPO

Monday, 26 Apr 2010 02:55 PM

Corsair Components Inc., which designs PC gaming hardware components targeted at avid computer gaming enthusiasts who often build their own machines, plans to raise up to $86.3 million in an initial public offering.

Corsair plans to have its shares listed under the symbol "CRSR" on the Nasdaq. The company did not disclose pricing or timing details of the IPO in a recent regulatory filing.

Corsair, based in Fremont, Calif., plans to use the proceeds for general corporate purposes, that may include working capital, capital expenditures and possible acquisitions.

The company's products are sold in more than 60 countries through online and other retailers such as Newegg.com, TigerDirect.com, Amazon.com and Best Buy. Corsair had 2009 revenue of $325.6 million, the company said in a regulatory filing Friday.

The underwriters are Barclays Capital, Jefferies & Co., Oppenheimer and RBC Capital Markets.

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Corsair Components Inc., which designs PC gaming hardware components targeted at avid computer gaming enthusiasts who often build their own machines, plans to raise up to $86.3 million in an initial public offering.Corsair plans to have its shares listed under the symbol...
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