Wireless-speaker maker Sonos filed earlier this month to issue an initial public offering of about $100 million worth of shares, a value that depends on where the stock price finally falls — currently between $17 and $19 a share, according to various media reports. Existing shareholders are putting up about 8 million shares, the proceeds of which go to them, not the company, with an estimated 14 million shares to be sold in total.
Sonos Files to Issue IPO
The Santa Barbara tech company is offering more than $100 million in shares.