thank you, virgin hyperloop one cofounder and cto josh giegel.up, they have built fence with speakers, but can they handle the pressure of the market? ♪ selina: it may not be a blockbuster ipo, but sonos's public offering is reportedly seeking a valuation of up to $3 billion. sonos is a pioneer in the market of internet connected speakers but is facing stiff competition from apple and others. let's bring in bloomberg news field reporter alex barinka. sonos is a hardware maker, they have huge competition. that is a tough position to be in. alex: it is. thethe thing we have -- thing they have going for them is that this will be a bet on the audio speaker industry. whether that resonates with investors, we will see. today is just the public filing. $2.5ported a range of $3 billion market value. as the ipo gets closer, you will see what kind of premium they put on the company. one thing that jumped out with me is that they are inching toward profitability. $990 million in revenue last year, a $14 million loss. close. especially for a hardware maker,