May be in the works.
http://variety.com/2018/digital/news/sonos-ipo-plans-1202745164/
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I did not find the exact date for the IPO.
Do you know when?
Do you know when?
Userlevel 7
+17
If it's like the UK, then if its over 100 people they have to give 90days notice, so companies do tranches of 99 max...
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)...
At least if Logitech buys up enough stock to get a controlling interest they will probably bring back a hard button remote to the product line. They might even add a line-in jack to the Sonos One so it can be used as a computer speaker.
Dream on!
A lot of speculation here. I'm not an expert in this area, but I doubt that this IPO means that another company could buy up a controlling interest in Sonos. I would assume that the existing owners will still have enough interests to prevent that from happening.
As far as the CFO being held responsible for the layoff, why? Why assume that the CFOs decisions are ultimately responsible for the layoffs? Was it his (or her) decision for the IPO? Why he responsible for sales numbers? Was he responsible for the shift in the companies focus, requiring different skills then what they currently have on staff?
I just don't see the point of making baseless assumptions around this. Wait and see.
As far as the CFO being held responsible for the layoff, why? Why assume that the CFOs decisions are ultimately responsible for the layoffs? Was it his (or her) decision for the IPO? Why he responsible for sales numbers? Was he responsible for the shift in the companies focus, requiring different skills then what they currently have on staff?
I just don't see the point of making baseless assumptions around this. Wait and see.
Userlevel 7
+17
Hope Ryans job is safe....
Userlevel 7
+21
So where's the announcement about 9.0 dropping today? 🙂 I found out from my app store already, but there's nothing here about it! 🆒 ::flee::
Userlevel 7
+26
So where's the announcement about 9.0 dropping today? 🙂 I found out from my app store already, but there's nothing here about it! 🆒 ::flee::
Couple hours... we like to make sure the software is available for all platforms and that it's confirmed working before officially announcing things here.
just really sophisticated ones.
Erm...not always so:-)
We could all be bots already, just really sophisticated ones.
mind blown.
Userlevel 7
+26
I feel like I've personally derailed this discussion... Sorry for the interruption everyone!
Carry on.
Carry on.
Userlevel 7
+17
Interesting reading:-
https://www.sec.gov/Archives/edgar/data/1314727/000119312518213468/d403417ds1.htm#toc403417_6
https://www.sec.gov/Archives/edgar/data/1314727/000119312518213468/d403417ds1.htm#toc403417_6
Public offering set for July 30.
Smart speaker and audio tech maker Sonos Inc. and internet-connected camera maker and Netgear Inc. spinoff Arlo Technologies Inc. have both issued price guidance for their initial public offerings.
They’re each scheduled for July 30 on the Nasdaq and New York Stock Exchange, respectively.
Sonos said in its U.S. Securities and Exchange Commission filing that it plans to raise $250 million by offering 13.9 million shares, with 60 percent being offered by insiders at a price range of $17 to $19. Nasdaq.com reported that at the midpoint of the proposed range, Sonos would command a fully diluted market value of $2.2 billion.
https://siliconangle.com/blog/2018/07/23/internet-ipos-sonos-arlo-issue-price-guidance-ahead-july-30-public-offerings/
Smart speaker and audio tech maker Sonos Inc. and internet-connected camera maker and Netgear Inc. spinoff Arlo Technologies Inc. have both issued price guidance for their initial public offerings.
They’re each scheduled for July 30 on the Nasdaq and New York Stock Exchange, respectively.
Sonos said in its U.S. Securities and Exchange Commission filing that it plans to raise $250 million by offering 13.9 million shares, with 60 percent being offered by insiders at a price range of $17 to $19. Nasdaq.com reported that at the midpoint of the proposed range, Sonos would command a fully diluted market value of $2.2 billion.
https://siliconangle.com/blog/2018/07/23/internet-ipos-sonos-arlo-issue-price-guidance-ahead-july-30-public-offerings/
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