Sonos filed for an initial public offering on Friday amidst an ongoing business transformation that will test its mettle against tech’s biggest names.
The long-anticipated move comes as the stereo company has been upgrading its speaker lineup with voice functionality and other smart-home capabilities as part of a plan to make its devices central hubs for digital media of all kinds. The transition will up the competition between Sonos and Silicon Valley giants like Google, Amazon and Apple, each of which have rolled out smart speaker offerings of their own.
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