You will be redirected back to your article in seconds

New sounds of Wall Street

New Brief

After nearly 40 years of work as Hollywood’s biggest name in sound technology, Dolby Laboratories is going public, filing for an IPO on Friday of up to $460 million.

IPO will leave founder Ray Dolby, who currently owns 98% of his namesake company, with majority control. As part of the IPO, Ray Dolby will transfer to the company all of the patents he currently holds and for which Dolby currently pays him royalties. Founder received $36.9 million in the last fiscal year in royalties.

Company didn’t specify when the IPO will take place, how many shares would be offered or what its final valuation will be. It also didn’t indicate how it plans to use the funds beyond “general corporate purposes” and possibly to make acquisitions of complementary companies or technologies.

More Scene

  • Brandon Flynn, Timothy Granaderos, Alisha Boe,

    Alisha Boe Says Brock Turner Case Was Her 'Bible' for '13 Reasons Why' Season 2

    After nearly 40 years of work as Hollywood’s biggest name in sound technology, Dolby Laboratories is going public, filing for an IPO on Friday of up to $460 million. IPO will leave founder Ray Dolby, who currently owns 98% of his namesake company, with majority control. As part of the IPO, Ray Dolby will transfer […]

  • Yara ShahidiMTV Movie & TV Awards,

    Yara Shahidi, Noah Schnapp, More Talk the Dangers of Social Media at MTV Awards

    After nearly 40 years of work as Hollywood’s biggest name in sound technology, Dolby Laboratories is going public, filing for an IPO on Friday of up to $460 million. IPO will leave founder Ray Dolby, who currently owns 98% of his namesake company, with majority control. As part of the IPO, Ray Dolby will transfer […]

  • A Night in the Writers' Room

    Parity Takes Center Stage at Variety's 'A Night in the Writers' Room' Drama Panel

    After nearly 40 years of work as Hollywood’s biggest name in sound technology, Dolby Laboratories is going public, filing for an IPO on Friday of up to $460 million. IPO will leave founder Ray Dolby, who currently owns 98% of his namesake company, with majority control. As part of the IPO, Ray Dolby will transfer […]

  • American Black Film Festival opening night

    Trevor Jackson Was Originally Told He Was 'Too Young' to Star in 'Superfly' Remake

    After nearly 40 years of work as Hollywood’s biggest name in sound technology, Dolby Laboratories is going public, filing for an IPO on Friday of up to $460 million. IPO will leave founder Ray Dolby, who currently owns 98% of his namesake company, with majority control. As part of the IPO, Ray Dolby will transfer […]

  • Women In Film Crystal and Lucy

    Brie Larson Says She Learned Her Own Strength Playing 'Captain Marvel' Role

    After nearly 40 years of work as Hollywood’s biggest name in sound technology, Dolby Laboratories is going public, filing for an IPO on Friday of up to $460 million. IPO will leave founder Ray Dolby, who currently owns 98% of his namesake company, with majority control. As part of the IPO, Ray Dolby will transfer […]

  • 2018 NBCUniversal Upfront

    Andy Samberg on Returning to NBC With 'Brooklyn Nine-Nine': 'It Feels Like Home'

    After nearly 40 years of work as Hollywood’s biggest name in sound technology, Dolby Laboratories is going public, filing for an IPO on Friday of up to $460 million. IPO will leave founder Ray Dolby, who currently owns 98% of his namesake company, with majority control. As part of the IPO, Ray Dolby will transfer […]

More From Our Brands

Access exclusive content