Corsair prepares to go public under CRSR ticker symbol

Gaming peripheral firm Corsair is once again preparing to make its debut on the stock market. Back in 2012, the company cancelled its IPO due to a weak market and in 2017 the firm got sold to a private equity company. A couple of days ago, Corsair filed paperwork with the SEC that reveals the company is planning a new initial public offering with the goal of raising $100 million.

Corsair intends to list on the NASDAQ stock exchange under ticker symbol CRSR. In the twelve months that ended June 30, 2020, Corsair pulled in revenue of $1.3 billion.

The company designs and sells high-performance gaming and streaming equipment including keyboards, headsets, PC components and gaming PCs. Corsair also has two software platforms: iCUE for gamers and Elgato's streaming suite for content creators. Corsair previously filed to go public in 2010 but postponed in 2012. In 2017 private equity firm EagleTree Capital acquired a majority stake.

The Fremont, CA-based company was founded in 1994 and booked $1.3 billion in sales for the 12 months ended June 30, 2020. It plans to list on the Nasdaq under the symbol CRSR. Corsair Gaming filed confidentially on June 15, 2020. Goldman Sachs, Barclays, Credit Suisse, Macquarie Capital, Baird, Cowen and Stifel are the joint bookrunners on the deal. No pricing terms were disclosed.

Source: Nasdaq