NEW YORK, Aug. 02, 2018 (GLOBE NEWSWIRE) --
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Sonos, Inc. SONO, maker of the easy-to-use multi-room wireless home sound system, visited the Nasdaq MarketSite in Times Square today in celebration of its initial public offering (IPO) on The Nasdaq Stock Market.
Sonos debuted the world's first wireless multi-room home sound system in 2005 and has been a leading innovator in wireless home audio since its founding in 2002. Each thoughtfully designed speaker and component that makes up the Sonos system is built on a software platform that gets better over time and helps the world listen better by giving people access to the content they love, from the services they want. As a result, Sonos homes listen to an average of 80% more music, and a remarkable 93% of units ever shipped are still receiving software updates.
Sonos products are distributed in over 50 countries, with 100 streaming services available globally. Sonos continues to build for the long term, designing for the way customers live while prioritizing amazing sound. Sonos is changing the way people listen to music – one home at a time.
"We're honored to join the Nasdaq family as we build a future where sonic culture is at the forefront," said Patrick Spence, Chief Executive Officer, Sonos, Inc. "Sonos has spent the last 16 years building a high-quality easy-to-use wireless sound system designed to work with all of the streaming services, voice assistants, and smart home companies that those who care about great sound want in their lives. Today is an exciting milestone as we work to help the world live better through better listening."
"In nearly two decades, Sonos has become a category leader in easy-to-use wireless home audio with more than 19 million products registered in 6.9 million homes around the world," said Nelson Griggs, President, Nasdaq Stock Exchange. "We are thrilled to welcome Sonos to join our family of visionaries and look forward to forging a great partnership with such a revered company."
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About Nasdaq
Nasdaq NDAQ is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $13 trillion. To learn more, visit: http://business.nasdaq.com
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A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/67087daa-d3c0-4431-a4c0-6b12d83ba3af
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