Video streaming player pioneer Roku seeks $100M in IPO
September 1, 2017
SAN FRANCISCO (AP) — Video streaming player pioneer Roku is going public, hoping to raise money to expand into more households and fend off competitive threats from bigger technology companies.
Roku listed a $100 million fundraising target in a Friday regulatory filing. But that figure is likely to change after its investment bankers gauge the demand for its initial public offering of stock. Companies typically complete their IPOs two to four months after filing then getting approval from government regulators.
The documents provided the first peek at Roku's finances and other previously...