7/27/2018 Do some search in the financial news and look for some of the recent I

Question

7/27/2018

Do some search in the financial news and look for some of the recent IPO offerings. Choose one of the upcoming IPOs you find most interesting. Write a short summary of the company and the conditions of the IPO. Share any information you believe is relevant to determining whether investing in this IPO is good or bad and whether the company seems to be making the right decision by offering the IPO with the offered price. Using what you learned so far explain if you find purchasing this IPO beneficial.

Explanation / Answer

Chosen Company: Sonos Inc.

IPO Date: 08/03/2018 (3rd August)

Company Snapshot: Sonos Inc, a private parent, is engaged in the manufacturing of high end speakers, multi-room audio products, and video products for home entertainment, along with music distribution apparatus. Being headquartered at California, it was founded in 2002 and was renamed from Rincon Audio Inc. to Sonos Inc. in 2004.

Conditions of IPO:

Company’s decision for an IPO:

Opinion on buying the share: From the research done, it is advisable not to go for this share in the IPO. This is because:

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