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April 7, 2018

Sonos IPO?

May be in the works.

http://variety.com/2018/digital/news/sonos-ipo-plans-1202745164/
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    38 replies

    Airgetlam
    July 6, 2018
    Frequently, in the tech world, it's about potential, rather than current operations.
    Bruce
    Renowned Enthusiast II
    July 6, 2018
    14m in losses are relatively small all things considered.
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    passopp
    July 7, 2018
    I'm curious. Are there any definite hints that Denon is planning a takeover once Sonos goes public or is it pure speculation at this point?
    Enthusiast II
    July 7, 2018
    Wow, they're some losses and for some years too. Appears Sonos have been nowhere near the profitable company many have been completely assuming they were - especially when comparing them to other companies who haven't made a profit for years too.
    The loss trend certainly seems to be going the right way but quite a shock nonetheless.


    Yes I agree, the losses are really surprising, I had read some opinions on here and elsewhere about how they have more than a billion in revenue (not in the last three years) and that they are highly profitable (not the last three years). But as you say things are going in the right direction.

    Another really interesting point from the disclosure is that Amazon can pull the plug on Alexa with little notice and Amazon could charge a fee for access

    https://www.engadget.com/2018/07/06/sonos-ipo-public-filing-amazon-alexa-challenge/
    July 7, 2018
    I'm curious. Are there any definite hints that Denon is planning a takeover once Sonos goes public or is it pure speculation at this point?

    I think it will be Logitech. They are going to do a squeeze play on the stock as soon as it goes public.
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    chicks
    chicksAuthor
    July 7, 2018


    I think it will be Logitech.


    Yikes! That's a scary thought. They'll destroy Sonos.
    MikeV
    July 7, 2018
    I'm curious. Are there any definite hints that Denon is planning a takeover once Sonos goes public or is it pure speculation at this point?

    I think it will be Logitech. They are going to do a squeeze play on the stock as soon as it goes public.

    If they do, I'm out as soon as it happens. Logitech has already tried this when they acquired Slim Devices (aka Squeezebox). You see where they are now. I don't think enough of Logitech's product development culture has changed over the years to allow Sonos to continue being successful if Logitech picks them up.

    BTW, Denon is owned by a private equity firm now, Sound United, a division of DEI Holdings. That deal apparently happened March 1 last year. So it seems weird that Sonos would be going public, just to be bought by a private equity firm. BTW, this private equity firm also has hands into Boston Acoustics and Polk Audio. Unless they're looking to build an audio powerhouse to compete against the likes of Bose (Boston/Polk/Sonos audio engineers/speaker design, D&M home theater products, and Sonos smart speaker tech)...
    The S in IOT stands for Security.
    Headliner I
    July 7, 2018
    I did not find the exact date for the IPO.
    Do you know when?
    Paulw123
    Virtuoso
    July 7, 2018
    Got to feel sorry for the 96 people forced out, probably loyal, hard working, long service, so that sonos top dogs can get a better price for a company they have been running at losses for past 3 years. Should the finance director not be first in line?
    Local Superstar
    July 7, 2018
    Frequently, in the tech world, it's about potential, rather than current operations.I wouldn't generally put Sonos in that bracket though. They're often referenced as a billion dollar turnover company and compared to others that continuously lose money. A billion dollar turnover company should make a profit at this point in their history.
    14m in losses are relatively small all things considered.Try telling that to all the people who have lost their jobs. That's the sort of figure that decides these things in a company of Sonos's size - obviously.