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Santa Barbara speaker maker Sonos goes low when pricing IPO

By   /   Friday, July 27th, 2018  /   Comments Off on Santa Barbara speaker maker Sonos goes low when pricing IPO

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Sonos CEO Patrick Spence and co-founder John MacFarlane. Santa Barbara-based speaker maker Sonos could raise close to $100 million in early August to fund product development while investors cash out for an additional $164 million. The company said it intends to offer 5.56 million shares of its common stock, targeting the $18 midpoint of an…

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