Sonos following Spotify as a possible IPO approaches

In the same week that Spotify arrived on the New York Stock Exchange rumours are spreading that Sonos are now thinking of going public.

After almost 10 years Spotify began publicly trading their stocks this week which has seen their value soar up. Now Variety have reported a number of job listings at Sonos that suggest the WiFi speaker makers could be looking at going public with their shares potentially inspired by the success of Spotify’s IPO.

Their recent Job Adverts are looking for people with public company experience to fill “key legal and finance roles”. In one of the listings Variety note that they also mention preparing their financial reporting to be in line with the rules for public companies. A Sonos spokesperson declined to confirm anything but told Variety: “We like where our business is and an IPO is something all tech companies think about.”

A posting for a corporate controller, which would be a first for Sonos, says that they are looking for someone with “current public company experience as a controller or assistance controller”. Elsewhere they specify that they require “prior public accounting experience, preferably Big 4”, meaning the top 4 accounting companies: KPMG, PricewaterhouseCoopers, Deloitte, and Ernst & Young.

Sonos CEO Patrick Spence said last year in a statement, saying: “We are considering whether an IPO would be the next best thing. We are in a strong place, growing, profitable.” All the signs point towards an IPO on the horizon for Sonos however they’re still keeping quiet about it so as of yet nothing is set in stone.

Head of Social Media and Marketing, RouteNote

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