Roku IPO: Shares jump 68 percent as investors bet firm can fend off rivals

Investors brushed aside concerns about Roku’s stiff competition in the video streaming business, sending the company’s shares up 68 percent on its stock market debut Thursday. Roku stock closed at $23.50 after pricing its 18 million shares at $14 apiece, which was at the high end of its expected range. The enthusiastic response to Roku’s $252-million…

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