Snap One, a smart home technology company, filed for an initial public offering on Friday, with plans to trade under the ticker ‘SNPO’ on Nasdaq. Morgan Stanley, JP Morgan, Jefferies, and UBS Investment Bank are leading a syndicate of 12 banks that are underwriting the acquisition. The money will be utilized to pay down debt and for other corporate objectives. According to the company’s registration documents, “Snap One drives smart living by enabling professional integrators to offer seamless experiences in connected homes and small businesses where people live, work, and play.” The Renaissance IPO ETF IPO, -1.71 percent has gained 0.9 percent this year, while the S&P 500 SPX, +0.52 percent has gained 15%./n
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