Following Spotify’s contempo IPO , addition Apple adversary is said to be planning a accessible offering. In a address this evening, Variety highlights a growing cardinal of job listings acutely advertence that apostle aggregation Sonos is planning an IPO…
Among the new job listings is one for a accumulated controller, a new position for the company. Sonos requires that applicants for this position accept “current accessible aggregation acquaintance as a ambassador or abetment controller.”
Furthermore, Sonos requires that the appellant for the accumulated ambassador position accept “prior accessible accounting experience, finer Big 4,” which in this case refers to the big four accounting firms KPMG, PWC, Deloitte, and Ernst & Young.
The description of the accumulated controller’s job duties additionally mentions that the aggregation is in the action of implementing SOX 404 compliance. This refers to area 404 of the Sarbanes – Oxley Act, which Congress anesthetized in 2002 to assure investors of accessible companies through bigger disclosures.
Sonos is additionally analytic for a new accepted counsel, afresh attractive for accessible aggregation experience. The aggregation requests that applicants accept acquaintance as a accepted admonition of a “multi-billion dollar accessible company.”
Sonos, however, is blockage bashful on its declared IPO intentions. In a statement, the aggregation artlessly said that an IPO is article that “all tech companies anticipate about.”
A Sonos agent beneath to animadversion on the job listings, cogent Variety: “We like area our business is and an IPO is article all tech companies anticipate about.”
In the past, Sonos CEO Patrick Spence hasn’t attempt bottomward the abstraction of Sonos activity public. He said in a account aftermost year:
“We are because whether an IPO would be the abutting best thing,” he said. “We are in a able place, growing, profitable.”
It’s adamantine to apperceive aloof how avant-garde Sonos’ IPO affairs are at this point, based absolutely on job listings. The aggregation has absolutely congenital a acceptability for itself as a avant-garde of the acute apostle industry, but a bulk of factors go into whether or not a aggregation goes through the IPO process.
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