Home / Technology / Roku sets IPO price that values company at $1.3 billion

Roku sets IPO price that values company at $1.3 billion


Anthony Wood, founder and chief executive officer of Roku Inc.

David Paul Morris | Bloomberg | Getty Images

Anthony Wood, founder and chief executive officer of Roku Inc.

Roku set its IPO price at $14 per share, according to Dow Jones, which would give the video streaming device maker a $1.3 billion stock market value when it debuts on Thursday.

Roku filed its IPO prospectus earlier this month. The company generated $199.7 million in revenue during the first six months of this year, a 23 period jump from the same period of 2016. The company’s loss over that stretch narrowed to $24.2 million from $33.2 million.

The 15-year-old company is best known for its video streaming devices that let users access Netflix, Amazon, YouTube and dozens of online channels. Roku will trade on the Nasdaq under the stock ticker “ROKU.”

In November 2016, Roku raised $45 million at a $992 million, according to PitchBook. The company has raised over $200 million in private funding so far.

About admin

Check Also

U.S. government should consider regulating news algorithms

(Subscribe to CNBC Pro to watch the full interview with Twilio CEO Jeff Lawson.) The …