Santa Barbara speaker maker Sonos goes low when pricing IPO

You are here: Home > middle > Current Article

Santa Barbara speaker maker Sonos goes low when pricing IPO

By Marissa Nall / Friday, July 27th, 2018 / Comments Off on Santa Barbara speaker maker Sonos goes low when pricing IPO

Sonos CEO Patrick Spence and co-founder John MacFarlane. Santa Barbara-based speaker maker Sonos could raise close to $100 million in early August to fund product development while investors cash out for an additional $164 million. The company said it intends to offer 5.56 million shares of its common stock, targeting the $18 midpoint of an…

This article is only available to Business Times subscribers

Subscribers: LOG IN or REGISTER for complete digital access.
Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists.
Check the STATUS of your Subscription Account.