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Sonos files to go public

Sonos filed papers with the US Securities and Exchange Commission for an initial public offering (IPO). The multi-room audio company was founded in 2002 and by 31st March this year had sold 19 million products in roughly 6.9 million households around the world. Despite being the leading company in the multi-room audio business with sales of $992.5 million in revenue in the 2017 – a 10% increase on 2016 – it wasn’t enough to turn […]