Sonos Sets IPO Price Range at $17 to $19 per Share
Today, Sonos announced that it has set its IPO price range at $17 to $19 per share, hoping to raise as much as $250 million. This would value the speaker manufacturer at about $2.14 billion, which is less than the original $3 billion valuation. The company originally filed their IPO two weeks ago, announcing that...
Apple’s European Suppliers’ Share Prices Dip After Missed iPhone Sales Expectations
Share prices of European suppliers of microchips, sensors and circuitry to Apple drifted lower Wednesday as investors stepped back from a global market rally after disappointing earnings from Apple put investors in a cautious mood. According to a new report from Reuters, shares in several Apple suppliers fell after the smartphone giant reported a surprise dip...
Apple’s Share Price Drops Amid Holiday Sales Forecasts
Apple’s shares went down nearly four percent on Wednesday due to the company’s smaller-than-expected margin forecast. This drop in share prices raises certain concerns regarding the company’s ability to take advantage of the demand for its larger screen iPhones that typically bring in more money. While the average analyst’s estimate of around 38.8 percent profit […]