initial public offerings (IPOs) trading on American exchanges

Sunday, July 8, 2018

Sonos (SONO) files for an IPO on the Nasdaq

Sonos is an American consumer electronics company founded by John MacFarlane, Craig Shelburne, Tom Cullen and Trung Mai . Sonos is widely known for the smart speakers it develops and manufactures.

  • Headquarters: Santa Barbara, California
  • Founded: 2002
  • Competitors:  Bang & Olufsen (OTCPK:BGOUF), Bose, Samsung (OTC:SSNLF, OTC:SSNNF) subsidiaries Harman Kardon and JBL, Sony (NYSE:SNE) and Sound United subsidiaries Denon and Polk and developers of voice-enabled speakers and systems such as Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL) and Google (GOOG, GOOGL).

  • SEC Form S-1
  • website
  • The company posted $992 million in revenue for its 2017 fiscal year, up from $901 million in 2016, making for a growth rate of 10%. Sonos recorded a $14 million net loss in 2017, compared with a $38 million net loss in 2016.

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