Santa Barbara speaker maker Sonos goes low when pricing IPO
IN THIS ARTICLE
- middle Topic
- Marissa Nall Author
By Marissa Nall Friday, July 27th, 2018
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…