Home » General World News » Roku’s IPO popped nearly 70% – ‘even investors watch TV’ says the CEO (ROKU)

Roku’s IPO popped nearly 70% – ‘even investors watch TV’ says the CEO (ROKU)





A man walks past Roku's Nasdaq sign

Roku made its debut on the Nasdaq exchange on Thursday and investors couldn’t get enough. The stock, which was priced at the top of its range at $14 a share, surged on its opening day and finished Thursday’s regular trading session up nearly 70% at $23.50.

When asked if he thought the IPO was priced too low, Roku CEO Anthony Wood told Business Insider that he is happy with the process.

“It’s a new type of company. It takes a lot of explanation,” Wood said on Thursday.

Roku is best know for selling inexpensive boxes that allow consumers to read more >>>

Source:: BusinessInsider.Com

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