HON - Sonim Technologies Proposes Terms For $50 Million IPO
Quick Take
Sonim Technologies (SONM) has filed to raise $50 million in an IPO of its common stock, per an amended registration statement.
The company designs and sells ruggedized mobile communication devices and software for ‘task workers’ in high impact work environments.
Given SONM’s growth trajectory, other positive operating and financial metrics, and profitability, the IPO appears to be a solid offering within the proposed range.
Company & Technology
San Mateo, California-based Sonim was founded in 1999 as NaviSpin.com to manufacture and market ruggedized Android-based mobile phones and accessories designed for the