Roku just priced its IPO at the top of its range, fetching a $1.3 billion market cap before trading on Thursday (ROKU)
|09/28/2017||Posted by BusinessMediaguide.Com under General World News||
Roku priced its initial public offering at $14 a share, giving the maker of streaming video players a valuation of $1.3 billion, according to a source familiar with the matter.
The company is set to make its debut on the Nasdaq exchange on Thursday under the symbol “ROKU.”
The IPO price is at the high end of the $12 to $14 a share range that Roku set earlier this month in its prospectus. Roku plans to sell 15.8 million shares from both Roku and some of its private shareholders.