Sonos: final IPO price set at 15 dollars per share
(CercleFinance.com) - Sonos said that it has set the final share price for its stockmarket debut today at 15 dollars per share, below the 17-19 dollars indicative price range that was given last week.
The California-based maker of wireless home sound systems plans to sell 5.55 million shares, raising about 83 million dollars.
In addition, Sonos and other stockholders have granted the underwriters a 30-day option to purchase up to an additional 2 million shares.
Morgan Stanley and Goldman Sachs are acting as lead book-running managers for the offering.
The shares are expected to begin trading at any moment now on the Nasdaq under the symbol "SONO."
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The California-based maker of wireless home sound systems plans to sell 5.55 million shares, raising about 83 million dollars.
In addition, Sonos and other stockholders have granted the underwriters a 30-day option to purchase up to an additional 2 million shares.
Morgan Stanley and Goldman Sachs are acting as lead book-running managers for the offering.
The shares are expected to begin trading at any moment now on the Nasdaq under the symbol "SONO."
Copyright (c) 2018 CercleFinance.com. All rights reserved.