Thursday, September 28, 2017

Roku Prices IPO, Starts Trading Today

Los Gatos-based Roku priced its IPO at $14.00 per share on Wednesday evening, saying that it is offering 15,668,000 shares of its Class A common stock in its IPO. Roku will begin trading on the Nasdaw Global Select Market this morning as ROKU. Roku's IPO was underwritten by Morgan Stanley & Co., Citigroup Global Markets, Allen & Company, RBC Capital Markets, Needham & Company, Oppenheimer & Co., and William Blair & Company. Roku is venture backed by Menlo Ventures, Fidelity, Globespan Capital Partners, and Twenty-First Century Fox.