Sonos officially filed for an initial public offering today, marking a major step as the audio company tries to stand out in a world of smart speakers. The company, which was founded in 2002, has grown into a dominant force in the speaker industry, with a name that is all but synonymous with the concept of multi-room audio setups. Sonos will trade on the Nasdaq Global Select Market under the symbol “SONO.”
The filing is also a good look at some of the numbers behind Sonos’ business. As of March 31st, the company reported having sold 19 million products in roughly 6.9 million households around the world, a statistic that speaks to one of Sonos’ biggest strengths. At an average of nearly 3 speakers per customer, the figures are...
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