Corsair Memory to Become Public Company

Corsair Files for Initial Public Offering

by Anton Shilov
04/26/2010 | 08:59 PM

Corsair, a leading supplier of high-performance components to the PC gaming hardware market, has announced that it had filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering of shares of its common stock.

 

It is expected that shares of the common stock to be sold in the offering will be offered by both the company and certain of the company's stockholders. The number of shares to be offered and the price range for the offering have not yet been determined. Corsair plans to raise $86.25 million during the IPO, which will help the company to overcome the slowdown of the economy. Corsair stock will be sold at NASDAQ under CRSR ticker.

Barclays Capital and Jefferies & Company are acting as joint book-running managers, with Oppenheimer & Company and RBC Capital Markets acting as co-managers.

The offering will be made only by means of a prospectus. When available, copies of the preliminary prospectus relating to the offering may be obtained from the prospectus departments of the aforementioned financial companies.