Corsair Gaming (NASDAQ:CRSR) launched its initial public offering (IPO) on Wednesday and CRSR stock isn’t doing so hot.

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Here’s what to know about the Corsair Gaming IPO.

• The company is trading its shares on the Nasdaq under the “CRSR” stock ticker.
• Shares in the IPO are priced at $17 each.
• The Corsair Gaming IPO offers 14 million shares of the stock.
• 7.5 million of these shares come directly from Corsair Gaming.
• The remaining 6.5 million shares come from a selling shareholder.
• There’s also a 30-day option for underwriters to purchase an additional 2.1 million shares at the IPO price.
• Corsair Gaming could gain as much as $163.2 million from the IPO.
• The lead book-running managers, as well as managers for the underwriters, of the offering, are Goldman Sachs, Barclays and Credit Suisse.

• Macquarie Capital, Baird, Cowen and Stifel are also serving as book-running managers for the IPO.
• Co-managers of the offering include Wedbush Securities and Academy Securities.
• Corsair Gaming currently expects the offering to end on Friday.
• As the name implies, Corsair Gaming has a focus on developing and creating accessories for gamers.
• That includes headsets, mice, keyboards, and more.
• The company bought Elgato, a maker of capture cards used by content creators, in 2018.
• It also picked up Origin Computers in 2019.
• Origin Computers is the creator of pre-made PC gaming rigs and laptops.

CRSR stock was down 12.5% as of Wednesday afternoon.

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.