Sonos Announces Closing of Initial Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares
August 06 2018 - 4:00PM
Sonos, Inc. (“Sonos”) (Nasdaq: SONO), the creator of the wireless
home sound system, today announced the closing of its initial
public offering of 15,972,221 shares of its common stock, including
the full exercise by the underwriters of their option to purchase
2,083,333 shares of common stock, at a public offering price of
$15.00 per share. In total, Sonos sold 6,388,888 shares of common
stock and the selling stockholders sold 9,583,333 shares of common
stock. Sonos received gross proceeds of $95.8 million from the
offering before deducting underwriting discounts and commissions
and estimated offering expenses. Sonos did not receive any
proceeds from the sale of the shares by the selling stockholders.
The shares are listed for trading on the Nasdaq Global Select
Market under the symbol “SONO.”
Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC
acted as lead book-running managers for the offering. Allen &
Company LLC, RBC Capital Markets, LLC, Jefferies LLC, KKR Capital
Markets LLC, acted as bookrunners. Raymond James & Associates,
Inc. and Stifel acted as co-managers for the offering.
The offering was made only by means of a prospectus. Copies of
the final prospectus related to the offering may be obtained from
Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180
Varick Street, Second Floor, New York, New York 10014, by telephone
(866) 718-1649 or by email prospectus@morganstanley.com; or
Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200
West Street, New York, New York 10282, by telephone: (866)
471-2526, by facsimile: (212) 902-9316 or by email at:
prospectus-ny@ny.email.gs.com.
A registration statement relating to the offering has been filed
with, and declared effective by, the Securities and Exchange
Commission. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy, nor shall there be any
sale of these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
Source: Sonos
Contacts
For Investors:
IR@sonos.com
For Media:
PR@sonos.com
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