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… Please follow and like us:

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Video streaming pioneer Roku aims to raise up to $252 million with IPO

Roku Inc., the leading maker of devices for streaming internet video on televisions, hopes to raise up to $252 million with an initial public stock offering. The Los Gatos, Calif., company’s IPO registration filing Monday came the day after the growing popularity of streaming video platforms such as Netflix was evident at the Emmy Awards, where… Please follow and like us:

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Roku launches free, ad-supported movie channel

Roku is taking it up a notch by programming content on its own channel– the Roku Channel. The new channel launched today and is now available on all Roku devices. How the new Roku Channel works Roku signed licensing deals, which allows them to feature some of your favorite movies from major Hollywood studios like Lionsgate,… Please follow and like us:

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Streaming-device maker Roku files for IPO

Roku, which says 15 million people use its video-streaming devices, filed paperwork Friday to list its shares on the Nasdaq stock exchange. The Los Gatos, Calif., startup has become the leading brand in the online-video device industry. It has managed to fend off competition from bigger names, including Apple TV, Google Chromecast and Amazon Fire TV.… Please follow and like us:

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