Corsair Components, Inc. IPO Info

Corsair Components, Inc.

Company Name: Corsair Components, Inc.
Stock Symbol: CRSR
Exchange: NASDAQ
Status: Upcoming
IPO Date: N/A
IPO Price: $12-$14
Underwriters
Stifel Nicolaus Weisel, RBC Capital Markets, William Blair & Company, Needham & Company

Amount of Offering: 84,000,000
Number of Shares Offered: 6 Mil
Shares Outstanding After Offering: 17.153 Mil
Valuation: 241,000,000.00
Company Description
Corsair is a designer and supplier of high-performance hardware components for personal computers, or PCs, with primary focus on gaming hardware.

The company's product portfolio consists of (a) components used to build or upgrade PCs and laptops, including dynamic random access memory, or DRAM, modules, power supply units, solid-state drives, cooling systems, computer cases, and accessories, and (b) peripheral components used to connect PCs and laptops with users, including gaming headsets and speakers, high capacity USB flash drives, and gaming keyboards and mice.
Financial Data
For the year ended December 31, 2011, Corsair generated net revenues of $455.2 million, gross profit of $74.4 million, net income of $19.4 million and adjusted net income of $16.7 million. For the three months ended March 31, 2012, they generated net revenues of $132.6 million, gross profit of $20.3 million, net income of $3.1 million and adjusted net income of $3.9 million.

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