Sonos Goes Public On Nasdaq Today

Sonos becomes a public company today, listing on Nasdaq as SONO. And when they ring the bell today, it will be a bell of their own creation, crafted by Sound Experience Leader Giles Martin and Academy Award-winning sound engineer Chris Jenkins.

Here are a few things you should know about Sonos:

  • Sonos has developed and refined the home sound system with a singular focus for over 16 years and has introduced 13 products into the market since 2005.
  • Sonos products are distributed in over 50 countries, with over 100 streaming services available globally.
  • Sonos homes listen to an average of 80% more music, and 93% of units shipped since launch in 2005 are still in use.
  • Approximately 38% of new product registrations in fiscal 2017 from existing customers expanding their system.

Sonos has done a lot in the last year:

  • In June, Sonos launched the most versatile smart speaker for both music and TV, Sonos Beam. Sonos Beam delivers three products in one from a compact size – a smart speaker with Amazon Alexa and future support of additional voice assistance over time including Google Assistant coming later this year.
  • Available via a software update in July, AirPlay 2 is now available on Sonos. Customers enjoying AirPlay 2 on Sonos will also gain a new voice experience with the addition of Siri. Ask Siri to play any track, album, or playlist on Apple Music by using an iOS device to start playing on Sonos.
  • Sonos recently announced a bold new partnership with IKEA, a collaboration aimed at democratizing sound and design in the home.
  • In October 2017, Sonos launched its first voice-enabled wireless speaker, Sonos One. Similar to Sonos Beam, Sonos One is capable of supporting multiple voice services and playing music, podcasts, audiobooks, and other sonic content from more than 100 streaming services.

Congratulations to Sonos for going public today!

 

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