Streaming Device Company Roku Files for an IPO of $100 Million
Company will use proceeds for working capital, R&D, business development, sales and marketing, and capital expenditures.
On September 1, streaming device company Roku filed for an initial public offering (IPO) of up to $100 million with the U.S. Securities and Exchange Commission. Roku intends to be listed on the NASDAQ exchange under the symbol ROKU. In its SEC Form S-1, Roku said it pioneered streaming to TV, connecting users with streaming content on-demand from services like Netflix, Amazon Prime and Hulu. The company currently earns revenue from the sale of its streaming players and platform revenue from advertising and subscription revenue share.
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