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Title: Sonos files to go public, expected to make $1 billion in revenue in 2018 Post by: HCK on July 07, 2018, 04:05:21 pm Sonos files to go public, expected to make $1 billion in revenue in 2018
The company plans on raising as much as $100 million for its IPO. On Friday morning, July 6, Sonos officially filed to become a publically traded company. Sonos will be traded on Nasdaq as SONO and plans on raising as much as $100 million leading up to its IPO (initial public offering). However, as noted by MarketWatch, "that amount was estimated as a placeholder amount." As for Sonos's performance, things are looking good for the company. There was a total net loss reported of $14.2 million for its fiscal year in 2017, but that's down considerably compared to a net loss of $38.2 million for its fiscal 2016 year. Going back all the way to 2015, Sonos saw a loss of $68.8 million. Moving over to revenue, Sonos has generated an impressive $992.5 million for its fiscal 2017 year which is up quite a bit from the $901.3 million and $843.5 million it saw in 2016 and 2015, respectively. As for when Sonos will go public, MarketWatch once again notes that: The company is looking to go... Source: Sonos files to go public, expected to make $1 billion in revenue in 2018 (http://feedproxy.google.com/~r/TheIphoneBlog/~3/tp2G7IuWll8/sonos-files-go-public-expected-make-1-billion-revenue-2018) |