Roku files for a $100 million IPO
Roku Inc., the company that makes various streaming devices and smart TVs, is going public, according to papers filed with the Securities and Exchanges Commission yesterday. It is looking to raise $100 million, and will trade on the New York Stock Exchange with the ticket symbol “ROKU”.
In the SEC filing, the company reports that it had 15.1 million active accounts as of June 30th, 2017, and that those users have “streamed more than 6.7 billion hours on the Roku platform,” during the first half of 2017. Critically, Roku points out that 2.9 billion of those hours was programming supported by advertisers.
There’s a caveat, however: the company says that it has operated at losses in the past, and that it expects “to incur operating losses…
