Quote:Corsair Gaming has recently filed an initial public offering with a target price of $100 million and will be treated as an emerging growth company. The company intends to list on the Nasdaq under the CRSR symbol. The IPO filing offers some insight into the financial position of Corsair however, many exact dollar values have been withheld in the public filing. Corsair Gaming has sold over 190 million products since 1998 with 85 million of those being sold in the last five years.
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Corsair also provided an interesting insight into who they consider to be their various competitors in various markets:

• Gaming keyboards & mice - Logitech, Razer
  
• Gaming headsets & audio products - Logitech, Razer, Kingston (HyperX)
  
• Gaming & creator streaming gear - Logitech, AVerMedia
  
• Gaming controllers - Microsoft, Logitech
  
• Power supplies, cooling solutions & computer cases - Cooler Master, NZXT, EVGA, Seasonic, Thermaltake
  
• Memory modules - G.Skill, Kingston (HyperX), Micron (Crucial)
  
• Prebuilt gaming computers & laptops - Dell (Alienware), HP (Omen), ASUS, Razer
  
• Custom gaming computers - iBuypower, Cyberpower
  

The IPO doesn't have an intended filling date and the $100 million listed in the offering may very well be a placeholder so we will likely see various changes in the coming weeks.

Quote: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.
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The proposed offering will be made only by means of a prospectus. A copy of the preliminary prospectus relating to this offering, when available, may be obtained from: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at 1-866-471-2526 or by e-mail at prospectusny@ny.email.gs.com; Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 1-888-603-5847 or by e-mail at barclaysprospectus@broadridge.com; or Credit Suisse, Attention: Credit Suisse Prospectus Department, 6933 Louis Stephens Drive, Morrisville, North Carolina 27560, by telephone at 1-800-221-1037 or by e-mail to usa.prospectus@credit-suisse.com.

Quote:Corsair Gaming Inc. set sail on the Nasdaq today, officially becoming a public company. The company, which makes PC components as well as peripherals, originally intended to price itself at $17 on the Nasdaq, but opened at $15.12 and closed at $14.25 – down over 16%.

But one day, the company feels, isn’t defining. In fact, Harry Butler, director of PR and marketing communications at Corsair, thinks it’s in its best position ever.

“This is just one day, Butler said. “We’re delighted to be listed as a publicly traded company.” The Nasdaq was down overall (about 3%).
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That suggests that, based on shares, investors outside of EagleTree will own roughly 17% of the company.

“I think EagleTree has been a fantastic partner since they joined us in 2017. With their consistency, Corsair has been able to grow year-on-year.” He said the firm is involved at Corsair’s board level, but beyond that, Corsair and its subsidiaries have “pretty much free reign.”

As for those 17%? Corsair says going public is the culmination of 26 years of work. Esports, then, was extremely niche. YouTube didn’t exist, but when streaming started, it was people in their bedrooms. Now they have massive setups.

Corsair believes it has the portfolio to continue growing and push the enthusiast end of gaming for years. It’s a bold claim that sees far beyond the rough waters of day one. Corsair, and Butler, clearly see better seas over the horizon.