Public offering of shares is a classic way to raise capital. Corsair, known mainly for its memory modules since 1994, is about to enter the US Nasdaq stock market to raise approximately $100 million. The company's shares will be traded under the symbol CRSR.
Last year, Corsair generated $1,1 billion in revenue, but lost $8,4 million. At that time, the company was still making a significant portion of its revenue from memory sales, reaching a profile amount of $429 million. In 2018, Corsair lost $13,7. .XNUMX 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 filing says it expects to raise about $100 million from the placement of shares. It's not specified what needs the funds will be used for. 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 - much more than in the whole of last year. In the first half of the year it was possible to obtain 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 segment of gaming peripherals, in the global market of gaming components - all 42%. The desire to raise capital indicates that Corsair plans to further develop the business.
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Source: 3dnews.ru