California-based consumer electronics provider Sonos plans to raise $250 million by offering 13.9 million shares at a price range of $17 to $19 from initial public offering (IPO).
The company plans to list on the Nasdaq under the symbol SONO.
It is expected to price during the week of July 30, 2018.
Sonos booked $1.1 billion in revenue for the 12 months ended March 31, 2018.