Memory Vendor Corsair Going Public

The Fremont, Calif.-based company, which sells DRAM modules for high-performance enthusiast PCs under its Dominator brand, is seeking to raise up to $86.25 million in its IPO and would trade on the NASDAQ stock exchange under the ticker symbol "CRSR," according to media reports.

Corsair was founded in 1994 and had a net loss of $8.7 million in 2009 on sales of $325.6 million. In addition to memory, the company makes PC power supplies, USB Flash drives, computer cases, Solid State storage drives (SSDs) and cooling units for central processors and memory.

Barclays Capital and Jefferies & Company are joint book-running managers, with Oppenheimer & Company and RBC Capital Markets acting as co-managers, according to a Corsair press release announcing the IPO filing with the SEC on Friday.

The number of shares to be offered and the price range for the offering have not yet been determined, according to Corsair.

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