FDMC 300 company Steinway & Sons to launch IPO
April 18, 2022 | 5:27 pm CDT

The high-resolution, self-playing Steinway Spirio was introduced in 2015.

Photo By Steinway & Sons

ASTORIA, N.Y. - 169-year-old Steinway & Sons, makers of artisan-crafted pianos, will launch an IPO under the name Steinway Musical Instruments Holdings on the New York Stock Exchange this Thursday, April 21, according to published reports. The company will trade under the symbol “STWY.”

Well-known for its craftsmanship with a premium collection featuring fine wood veneers including mahogany, walnut, Kewazing Bubinga, East Indian rosewood, and Macassar ebony, Steinway also has been innovating and integrating state-of-the-art technology into its products. 

In 2015, the company introduced the Steinway Spirio, a high-resolution self-playing piano. In 2019, Spirio | r was introduced, and it enables recording and high-resolution editing in addition to playback capabilities. Steinway’s most recent offering Spiriocast software allows users to stream live performances, synched with video and audio, from one Spirio | r piano to others across the world. The product launch featured a performance by Oscar, Emmy, and Grammy-nominated composer Kris Bowers, who is also a composer for the popular Netflix series Bridgerton.

New York-based Steinway & Sons is ranked #52 on the 2022 FDMC 300 with an estimated $200 million in sales and approximately 1,800 employees.

For more information, visit steinway.com.
 

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Michaelle Bradford | Editor

Michaelle Bradford, CCI Media, is Editor of Closets & Organized Storage magazine and Woodworking Network editor. She has more than 20 years of experience covering the woodworking and design industry, including visits to custom cabinet shops, closet firms and design studios throughout North America. As Editor of Closets & Organized Storage magazine under the Woodworking Network brand, Michaelle’s responsibilities include writing, editing, and coordinating editorial content as well as managing annual design competitions like the Top Shelf Design Awards. She is also a contributor to FDMC and other Woodworking Network online and print media owned by CCI Media.