https://www.cnet.com/news/sonos-ipo-prices-below-target-range-at-15-a-share/

For many years whenever I met with Sonos executives they always expressed their desire to remain a private company. Well, today  the multiroom audio speaker company officially went public, ringing the opening bell at the Nasdaq stock exchange in New York this morning.

The Santa Barbara, California-based company announced it sold around 5.6 million shares at $15 per share in the IPO while existing Sonos shareholders, including investment firm KKR & Co, sold an additional 8.3 million shares. Sonos had targeted a price range of $17-$19 but couldn't get there.