Deals
Wireless Speaker Pioneer Sonos Files for Public Offering
- Company faces competition from tech giants, trade war risks
- Sonos is said to target valuation of up to $3 billion
The Sonos Beam
Photographer: Christoph Dernbach/dpaThis article is for subscribers only.
Sonos Inc. filed for a U.S. initial public offering as the wireless speaker pioneer gears up to take on increasing competition from Amazon, Google and Apple.
Along with rich rivals, the company warned that an escalation of the trade war between the U.S. and China could significantly damage its business.