Corsair Going Public with $100 Million IPO

Tsing

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Image: Corsair



Are you a die-hard Corsair fan who’s been dreaming of buying shares in the company? Soon, you can.



As hinted by Forbes last week, the PC hardware and accessory giant has filed for an IPO, which means that it’s going public in the hopes of raising money for growth, potential acquisitions, and (hopefully) even better products.



“Corsair Gaming will list on the Nasdaq under the symbol CRSR and performance for the 12 months up to June 2020 stood at $1.3 billion in sales,” Forbes reported. “The company originally made its name in the PC industry selling memory or RAM, but expanded into power supplies, peripherals, cooling hardware and more recently streaming hardware...
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Not surprised, they see other tech execs getting massive payouts from stock options in their contracts so they figure they should cash in, too. It should be interesting to see how quality is affected, if prices will go up, or both.
 
I've been a big fan of their PSU's for a while now but watching them branch out into everything over the last year or two has made me a bit nervous about the overall quality in each of their endeavors. Now, as stated, the shareholder dynamic could add a recipe for disaster. Hope it works out for the best because I do like the company.
 
100 million is chump change.
I guess you missed the part where they had 1.2 billion in sales last year.
They are asking for essentially one month's of sales revenue.
I think Corsair will do well on the open market.
 
magoo said:
100 million is chump change.
I guess you missed the part where they had 1.2 billion in sales last year.
They are asking for essentially one month's of sales revenue.
I think Corsair will do well on the open market.
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Sales does not equal profit. If you read the S-1 you'll see they are operating at a slight loss on a gross margin of about 20%. Besides, an IPO does not need to equal the total valuation of the company.

https://www.sec.gov/Archives/edgar/data/1743759/000119312520227100/d507744ds1.htm
 
I wonder what % of the company has been allocated to common stock.

This only makes me despair future product releases from Corsair as they slowly go down the drain.

Sigh...
 
I've used all kinds of Corsair **** over the years, from keyboards to cases to PSUs (my main rig has a Seasonic-built Corsair PSU) to coolers and more, but I miss the days when they only made RAM. I don't really like companies branching out and making too many different products. Not looking forward to the company being accountable to ****ing shareholders. That almost never works out well.
 
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I honestly have just used their PSU's until recently getting into more of their stuff. No complaints with any of their other hardware and peripherals. I also hope that this new venture doesn't affect their products or the company as a whole in a negative way.
 
Man.. my case is corsair, my ram is corsair, my power supply is corsair, I have a friggen corsair headset, keyboard, and mouse too! And now they pull this ****!

I wish they would have asked customers to invest.
 
Grimlakin said:
Man.. my case is corsair, my ram is corsair, my power supply is corsair, I have a friggen corsair headset, keyboard, and mouse too! And now they pull this ****!

I wish they would have asked customers to invest.
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What do you think an IPO is?
 
Armenius said:
What do you think an IPO is?
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Pulling investments from the widest pool possible where investment firms will be able to buy stake and appoint their own members to the board of directors that want $$$ not good product.

I mean unless you know of a different kind of investor.
 
Not sure how I feel about this.

Just had to contact Corsair about getting a replacement key for my keyboard. Everything was super smooth and should arrive sometime next week.

This may be the last good experience I have with them. haha
 
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