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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