Tuesday, September 5, 2017

Roku Files For IPO

Los Gatos-based streaming television and video device maker Roku filed for an IPO on Friday, saying that it is looking to raise up to $100M in an offering on the NASDAQ Global Select Market, under the symbol ROKU. The IPO is being underwritten by Morgan Stanley, Citigroup, Allen & Company, RBC Capital Markets, Needham & Company, Oppenheimer & Co., and William Blair. Roku is backed by Menlo Ventures, Fidelity, Globespan Capital Partners, and Twenty-First Century Fox. Roku is represented by Cooley LLP with auditing by Deloitte & Touche LLP in the IPO.