Bose Stock: Advantages of Investing in the Modern Audio Business

Today Bose Corporation is known as one of the best producers of high-grade audio equipment in the whole world. The firm’s success has skyrocketed due to the increased rush for iTunes, music and video streaming, podcasts, audiobooks, and car sound systems. Bose offers a wide product assortment, which covers headphones, speakers, sleeping earbuds, and car audio.

Moreover, due to the global quarantine, Bose could strengthen its position on the market since people tend to watch films and listen to music at home more often; so, their interest in upscale sound systems has increased. Additionally, a lot of people want to organize sophisticated at-home entertainment, and they need Bose soundbars, indoor and outdoor speakers, and other equipment to build a home theater or an open-air cinema.

Besides the sound systems, Bose produces noise-canceling appliances, which are in high demand as well. Their happy owners can listen to music and podcasts anytime and anywhere regardless of background noise.

Additionally, Bose offers such unique goods as audio sunglasses and earbuds for sleep. The company addresses commercial needs too and sells products like headsets for aviation, factories, and even for the military. Bose products help soldiers to stay in contact with each other and save their hearing on the battlefield.

Bose Stock Availability

Bose Corporation is a privately run business, so its stock is not accessible on the exchange market, and you cannot acquire it.

The firm was registered by Amar G. Bose in 1964. Then, in 2011, its majority stake was contributed to the Massachusetts Institute of Technology, which is not allowed to sell it.

Bose Stock Price

Due to the fact that Bose stock is not provided on any exchange markets, it does not have a determined price. Of course, Bose shares do have a certain value, but the price is not publicly available.

Bose has announced that its sales amounted to $3.6 billion in 2020. More detailed financial metrics are not available since the company is not obliged to show them to the public.

Bose IPO

Bose has never turned to an initial public offering, which is untypical for modern hi-tech businesses. But due to the beneficial business model, the company does not need an IPO. Since 2017, Bose has not had to attract funds from outside.

As the major shareholder, MIT enjoys great dividends from the shares on a regular basis. There is only one reason that could cause the Bose IPO — if MIT would want to receive a large sum of ready money. But MIT holds non-voting stock, so the institution has little power to trigger a probable IPO.

Crunchbase states that Bose sourced $430.165 million due to crowdfunding in 2017. So, the company can receive money without ceding control to external shareholders.

For all that, the Bose IPO could be beneficial, as the firm boasts an established brand with many loyal customers.

What Is the Bose Stock Symbol?

The company has never provided an IPO, so its shares do not have any symbol attached.

When an IPO procedure is held, a stock symbol for the assets is determined along with a price and announced to the public. After that, the trading on the public market kicks off, with the shares available under this ticker.

The Story behind Bose Corporation

The company is a thriving tech business located in the US. It was launched in 1964 by Amar G. Bose, who was a professor of electrical engineering science at MIT.

The professor was a music fan, so he decided to produce his own sound devices because the quality of available products was too low. In four years, Amar G. Bose elaborated a unique speaker system, which assured quality sound as if you were on a live concert.

The Bose business includes both producing and selling audio equipment. However, because of the pandemic in 2020, the company decided to terminate retail sales in 119 outlets in West and East Europe, North America, Australia, and Japan. Meanwhile, Bose shops are still operating in China, the UAE, India, South Korea, etc.

The corporation has transformed the greatest part of its business into the online format. For instance, it cooperates with Amazon. Additionally, Bose accepts orders via its own online store and sells through Walmart, Target, and other US retail chains.

Final Thoughts on Bose Stock

Bose is a trend-setting technology company, which has strong assets. Its recognizable brand, flawless reputation, high-quality production, protected intellectual property, and robust corporate culture would assure a successful IPO. However, for the moment, the corporation has no intention to change its business model and allow outside investors to take part in its funding.

Fortunately, there are other options for investment, such as Apple or Emerson Electric.