Roku’s IPO popped nearly 70% – ‘even investors watch TV’ says the CEO (ROKU)
|09/28/2017||Posted by BusinessMediaguide.Com under General World News||
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.