Actionable Stock Market Trading Newswire. Built for Traders, by Traders.
All news is property of their respective owners.

Corsair Gaming Raises $75M Via Secondary Equity Offering

Corsair Gaming, Inc (NASDAQ:CRSR) priced 4.55 million shares at $16.50 per share in an underwritten public offering. The global provider…
byAnusuya Lahiri
November 15, 2022
1 minute read
Total
0
Shares
0
0
0
0
0
0
  • Corsair Gaming, Inc (NASDAQ:CRSR) priced 4.55 million shares at $16.50 per share in an underwritten public offering.
  • The global provider of high-performance gear for gamers and content creators granted the underwriters a 30-day option to purchase additional shares up to 0.68 million shares. 
  • The gross proceeds from the offering will likely be $75.0 million.
  • Corsair currently plans to use the net proceeds for general corporate purposes. 
  • Corsair Group (Cayman), LP (EagleTree), which owns most of its outstanding shares and through its general partner, will purchase 2.12 million shares in the offering at the same price and on the same terms as the other purchasers.
  • Corsair Gaming held $61.5 million in cash and equivalents as of September 30.
  • Price Action: CRSR shares traded lower by 9.43% at $16.51 on the last check Tuesday.
 
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
Share 0
Related Posts
Read More

Netflix Stock to Soar – Bank of America Analyst Cites Strong Free Cash Flow and Global Dominance As Catalysts

By Anusuya Lahiri
January 17, 3:43 PM
B of A Securities analyst Jessica Reif Ehrlich maintains a Buy rating on Netflix Inc (NASDAQ: NFLX) while raising the price target to $585. Ehrlich highlights Netflix's strong free cash flow generation, which is expected to drive shareholder returns, especially after the company increased its buyback authorization by $10 billion in October. She emphasizes Netflix's leading position in the streaming industry, citing its world-class brand, extensive global subscriber base, and innovative approach, making it well-positioned for outperformance.

NFLX