|25-05-2012, 11:12 AM||#1|
Join Date: May 19 2008
[Techpowerup.com] (PR) Corsair Announces Postponement of Initial Public Offering
Corsair Components, Inc. ("Corsair") (NASDAQ: CRSR), a leading designer and supplier of high-performance PC hardware components for gaming enthusiasts, announced today it has postponed its initial public offering due to market conditions.
"Corsair's board of directors has decided to postpone its IPO due to weak equity market conditions. Our business is growing, and is generating increasing profitability and cash flow. We have decided that we will re-launch when equity market conditions are more favorable. While we do intend to expand our capital base through public capital markets, our existing capital structure and balance sheet provides sufficient capital to enable continued investment in our brand strength, products and people," said Andy Paul, Co-Founder, President and CEO of Corsair.
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