09-24-2020, 07:09 AM
https://www.tomshardware.com/news/corsai...rry-butler
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.