Sonos files for initial public offering
Sonos Inc. filed for a U.S. initial public offering as the wireless speaker pioneer gears up to take on increasing competition from Amazon, Google and Apple.
Along with rich rivals, the company warned that an escalation of the trade war between the U.S. and China could significantly damage its business.
The Santa Barbara, California-based company filed with an offering size of $100 million, a placeholder amount used to calculate fees that is likely to change. It plans to list on the Nasdaq Global Select Market under the symbol SONO, according to a regulatory filing Friday.
[Bloomberg]
Sonos Inc. filed for a U.S. initial public offering as the wireless speaker pioneer gears up to take on increasing competition from Amazon, Google and Apple.
Along with rich rivals, the company warned that an escalation of the trade war between the U.S. and China could significantly damage its business.
The Santa Barbara, California-based company filed with an offering size of $100 million, a placeholder amount used to calculate fees that is likely to change. It plans to list on the Nasdaq Global Select Market under the symbol SONO, according to a regulatory filing Friday.
[Bloomberg]