Источник изображения: Corsair, The Verge

Corsair will go public, hoping to raise at least $ 100 million for further business expansion

A public offering is a classic way to raise capital. Corsair, which has been primarily known for its memory modules since 1994, is going to enter the American stock exchange Nasdaq to raise approximately $ 100 million. The company’s shares will be traded under the symbol CRSR.

Image source: Corsair, The Verge

Image source: Corsair, The Verge

Last year, Corsair received revenue of $ 1.1 billion, but losses amounted to $ 8.4 million.At that time, the company still received a significant part of its revenue from the sale of memory modules – the profile amount reached $ 429 million.In 2018, Corsair’s losses amounted to $ 13 , 7 million. In recent years, the company’s business has been continuously expanding. Now it offers not only memory modules, power supplies, cooling systems, cases and drives, but also gaming peripherals, as well as video streaming equipment and ready-made gaming computers.

Corsair’s S-1 application states that it expects to raise about $ 100 million from the placement of shares. It is not specified what needs the funds will be directed to. The timing of the placement of shares has not yet been determined. Along the way, it turns out that the past months of this year have already allowed Corsair to gain $ 1.3 billion – significantly more than for the entire last year. In the first half of the year, they also managed to get a profit of $ 23.8 million.

Obviously, the company’s revenue growth in the last half of the year was due to the consequences of self-isolation, which attracted many people to computer games. In the US market, the company occupies 18% of the gaming peripherals segment, in the global gaming components market – all 42%. The desire to raise capital indicates that Corsair has plans to further develop the business.

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