{"id":4630,"date":"2018-07-25T06:01:22","date_gmt":"2018-07-25T10:01:22","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=4630"},"modified":"2018-07-25T06:01:22","modified_gmt":"2018-07-25T10:01:22","slug":"sonos-inc-ipo-preview-sono","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/sonos-inc-ipo-preview-sono\/","title":{"rendered":"Sonos Inc #IPO Preview ($SONO)"},"content":{"rendered":"

\"SONO\"<\/a><\/p>\n

Company: Sonos, Inc.<\/strong>
\nSymbol: SONO
\nDescription: Sonos was founded with a clear mission\u2014to fill every home with music. This mission led them to invent wireless multi-room home audio.
\nTrade Date: 8\/2
\nShares: 13.9 million
\nPrice Range: $17.00-$19.00
\nUnderwriter(s): Morgan Stanley, Goldman Sachs, Allen & Co., RBC, Jefferies, KKR
\nCo-Manager(s): Raymond James, Stifel
\nTerms Added: 7-23-18<\/p>\n

Link to Prospectus<\/a><\/strong><\/p>\n

Link to Retail Roadshow<\/a><\/strong><\/p>\n

Business<\/strong>: Their products include wireless speakers, home theater speakers and components to address consumers\u2019 evolving home audio needs. They launched their first voice-enabled wireless speaker, Sonos One, in October 2017, and their first voice-enabled home theater speaker, Sonos Beam, in July 2018. In addition to new product launches, they frequently introduce new features through software upgrades, providing their customers with enhanced functionality and improved sound in the home. They are committed to continuous technological innovation, as evidenced by their growing global patent portfolio of over 630 issued patents and 570 applications. They believe their patents comprise the foundational intellectual property for wireless multi-room audio technology.<\/p>\n

Financials:\u00a0<\/strong> They generated revenue of $655.7\u00a0million in the six months ended March 31, 2018, an 18% increase from $555.4\u00a0million in the six months ended April 1, 2017. For the six months ended March 31, 2018, their net income was $13.1 million and their adjusted EBITDA was $50.5\u00a0million. They generated revenue of $992.5\u00a0million in fiscal 2017, a 10% increase from $901.3\u00a0million in fiscal 2016. In fiscal 2017, their net loss was $14.2 million and their adjusted EBITDA was $56.0 million.<\/p>\n

\"Sonos.Financials\"<\/a><\/p>\n

Book-Building Status<\/strong>: The way the book comes together during the week of the roadshow is the most critical indicator to first-day and first-week performance. IPO Boutique uses its 45 years of experience and sources all over the street to gather daily subscription levels, specific price guidance and what type of investors are currently in the book or are anchoring orders in the book. In addition, recent underwriter performance on sector specific deals is a strong factor that IPO Boutique takes into account when determining if our clients should indicate for any offering.<\/p>\n

IPO Boutique subscription clients receive daily updates on this critical information.<\/span><\/a><\/p>\n

Conclusion<\/strong>: IPO Boutique provides ratings, daily commentary and a forecast for how this IPO will open vs. its offering price. We have kept a\u00a0track record<\/span><\/a>\u00a0with our performance for last 12 years at our website. Additionally, here’s a 2017 recap of our performance<\/a>\u00a0to showcase the value of IPO Boutique’s service.<\/p>\n

Indicate with confidence,\u00a0<\/b>SUBSCRIBE<\/b><\/a>\u00a0today.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

Company: Sonos, Inc. Symbol: SONO Description: Sonos was founded with a clear mission\u2014to fill every home with music. This mission led them to invent wireless multi-room home audio. Trade Date: 8\/2 Shares: 13.9 million Price Range: $17.00-$19.00 Underwriter(s): Morgan Stanley, Goldman Sachs, Allen & Co., RBC, Jefferies, KKR Co-Manager(s): Raymond James, Stifel Terms Added: 7-23-18[…]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"zakra_general_container_width":0,"zakra_general_content_width":0,"zakra_general_sidebar_width":0,"zakra_sticky_header":"customizer","zakra_header_main_area":true,"zakra_site_logo_width":0,"zakra_header_top_enabled":"customizer","zakra_header_top_style":"customizer","zakra_primary_menu_item_style":"customizer","zakra_page_header_text_color":"","zakra_page_header_layout":"customizer","zakra_page_title_bg":"","zakra_footer_widgets_bg_image":0,"zakra_page_title_bg_repeat":"customizer","zakra_page_title_bg_position":"customizer","zakra_page_title_bg_size":"customizer","zakra_page_title_bg_attachment":"customizer","zakra_breadcrumbs_enabled":"customizer","zakra_breadcrumbs_text_color":"","zakra_breadcrumbs_separator_color":"","zakra_breadcrumbs_link_color":"","zakra_breadcrumbs_link_hover_color":"","zakra_page_title_bg_image":0,"zakra_footer_widgets_enabled":"customizer","zakra_footer_column_layout_1_style":"customizer","zakra_footer_widgets_bg":"","zakra_footer_widgets_bg_repeat":"customizer","zakra_footer_widgets_bg_position":"customizer","zakra_footer_widgets_bg_size":"customizer","zakra_footer_widgets_bg_attachment":"customizer","zakra_footer_bar_enabled":"customizer","zakra_footer_bar_style":"customizer","footnotes":""},"categories":[24],"tags":[1533],"class_list":["post-4630","post","type-post","status-publish","format-standard","hentry","category-ipo","tag-sono"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4630","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/comments?post=4630"}],"version-history":[{"count":1,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4630\/revisions"}],"predecessor-version":[{"id":4633,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4630\/revisions\/4633"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=4630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=4630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=4630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}