Roku IPO: What You Need to Know
Streaming media player maker Roku filed its S-1 Registration Statement with the Securities and Exchange Commission earlier this month, outlining its plans to go public in an $100 million initial public offering. The company plans to list on the Nasdaq with the ticker symbol "ROKU." Cord-cutting has been persistent for years, thanks in part to the proliferation of over-the-top (OTT) streaming services delivered via streaming devices like Roku's lineup.
You might wonder why the company waited so long to go public, but remember that the tech IPO scene cooled off for a couple of years and only recently warmed up again. Here's what investors need to know.
Image source: Roku.
Source: Fool.com
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