Deals
Streaming Video Company Roku Files for U.S. Initial Offering
- Company plans to list on Nasdaq under ROKU stock ticker
- Morgan Stanley and Citigroup lead Roku’s IPO offering
Roku Files for U.S. Initial Public Offering
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Roku Inc., the maker of devices and software for streaming video that was an early challenger to traditional home-entertainment providers, filed for a U.S. initial public offering.
The company listed an initial offering size of $100 million, which it said is a placeholder used to calculate fees and will probably change. The company plans to use the proceeds for general corporate purposes including research and development and marketing, according to a filing Friday with the U.S. Securities and Exchange Commission.