Fremont-Based Corsair Postpones Initial Public Offering

Fremont, Calif. -- Corsair Components, a Fremont-based supplier of high-performance hardware components for personal computers, said on Thursday it has postponed its planned initial public offering (IPO). The company, which is planning to raise as much as $96.6 million, cited adverse market conditions. "We have decided that we will re-launch when equity market conditions are more favorable," said Andy Paul, the company's co-founder, president and CEO. "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."
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