Where Does Roku Stock Go After Its IPO
Roku (NASDAQ: ROKU) had a great first day of trading, opening high and closing even higher. The stock closed at $23.50 per share, 68% above its $14 IPO price. That gives the video streaming device maker a $2.2 billion valuation.
Most investors probably missed out on Roku's big first day of trading. And with big-name competitors Apple (NASDAQ: AAPL), Amazon (NASDAQ: AMZN), and Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google, some investors may still have concerns about the company.
Diving into the company's S-1 and management's comments can give investors some insight into where the company goes from here, and whether that $2.2 billion valuation is justified.
Source: Fool.com
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