Sonos ended its first day of trading at Nasdaq with its share prices up more than 32% over this morning’s opening price, with a share price of $19.91 at the close of markets. It’s a successful Ipo for the smart speaker maker, which now has to adjust to public company life.
“It doesn’t really change anything for our strategy, for our product roadmap perspective,” said Sonos VP of corporate finance Michael Groeninger, trying to downplay the effect the Ipo will have on the company. In a conversation with Variety this morning, he argued that the public listing was merely “a different ownership vehicle” for the company.
“It’s not going to change our mission,” agreed Sonos chief product officer Nick Millington.
For more on Sonos, read our recent feature story: How Smart-Speaker Maker Sonos Plans to Take on Apple, Google and Amazon
However, being a public company also comes...
“It doesn’t really change anything for our strategy, for our product roadmap perspective,” said Sonos VP of corporate finance Michael Groeninger, trying to downplay the effect the Ipo will have on the company. In a conversation with Variety this morning, he argued that the public listing was merely “a different ownership vehicle” for the company.
“It’s not going to change our mission,” agreed Sonos chief product officer Nick Millington.
For more on Sonos, read our recent feature story: How Smart-Speaker Maker Sonos Plans to Take on Apple, Google and Amazon
However, being a public company also comes...
- 8/2/2018
- by Janko Roettgers
- Variety Film + TV
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