Corsair Shutters IPO, Launches New Force Series 3 SSD Upgrade Kit
Corsair Shutters IPO, Launches New Force Series 3 SSD Upgrade Kit
Think you're having a productive Thursday? You've got nothing on the memory makers over at Corsair. It's barely past lunch time on the east coast and the company has already announced plans to drop its plans for a $78 million IPO thanks to "weak equity market conditions," and while the bigwigs were busy doing that, Corsair somehow squeezed in the time to launch its new Force Series 3 SSD notebook upgrade kits. Meanwhile, I'm barely through my second cup of coffee.
Corsair's been toying with the idea of going public for a while; in fact, the company even went so far as to file an S-1 with the SEC a year ago. This morning, Corsair said it was pulling back from the IPO and remaining a private company, at least for now.
"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," Andy Paul, Co-Founder, President and CEO of Corsair said. "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."
That continued investment in products reared its head quickly with the announcement of the Force Series 3 SSD notebook upgrade kits, which are obviously built around Corsair's Force Series 3 SSDs. The kits are designed to make transitioning to a new drive easy thanks to a handy-dandy bundled USB-to-SATA cable that connects the SSD to your laptop, letting you swap over files before you make the physical switch. It comes with software to help you move over your OS and system/app data, too.
The upgrade kits are available now and cost $140 for a 120GB model or $260 for a 260GB model. That's not too outrageous a premium over the SSDs alone; a bare 120GB Force Series 3 SSD will set you back the same $140 on Newegg, but that drops down to $120 after a mail-in rebate.
You can learn more about the upgrade kit on the Corsair blog.
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