×
You will be redirected back to your article in seconds

Roku Prices Shares at $14, Valuing Company at $1.3 Billion

Streaming media device maker Roku will begin to sell its shares at $14 when it starts trading on NASDAQ Thursday, according to a CNBC report. This puts the company’s valuation at $1.3 billion.

Roku officially filed for IPO earlier this month, and at the time told potential investors that it was going to price its shares between $12 and $14. The company will on NASDAQ under the “ROKU” stock ticker, and Morgan Stanley, Citigroup, and Allen & Co. are listed as underwriters for the public offering.

Roku’s S-1 filing revealed growing revenues, as well as a shift towards advertising-based income streams. Roku generated $199.7 million in revenue during the first half of this year, up 23% from $162.3 million during the same time last year.

During the first six months of this year, 59% of Roku’s revenue came from the sale of streaming devices, 41% from what the company calls its platform business. This includes ad sales on advertising-supported channels, but also licensing fees, fees for placement in the Roku channel store and more. This platform biz grew 91% year-over-year.

More Digital

  • Sonos Q4 2018 Earnings: Earnings Above

    Sonos Beats Earnings Expectations, Teases Out-of-Home Product for 2019

    Streaming media device maker Roku will begin to sell its shares at $14 when it starts trading on NASDAQ Thursday, according to a CNBC report. This puts the company’s valuation at $1.3 billion. Roku officially filed for IPO earlier this month, and at the time told potential investors that it was going to price its […]

  • Mark Zuckerberg

    Mark Zuckerberg Claims He Didn’t Know About Facebook’s Crisis PR Operation

    Streaming media device maker Roku will begin to sell its shares at $14 when it starts trading on NASDAQ Thursday, according to a CNBC report. This puts the company’s valuation at $1.3 billion. Roku officially filed for IPO earlier this month, and at the time told potential investors that it was going to price its […]

  • Lucian Grainge Universal Music Group

    Universal Music Group Posts Strong Third Quarter as Sale Talks Heat Up

    Streaming media device maker Roku will begin to sell its shares at $14 when it starts trading on NASDAQ Thursday, according to a CNBC report. This puts the company’s valuation at $1.3 billion. Roku officially filed for IPO earlier this month, and at the time told potential investors that it was going to price its […]

  • MoviePass app

    MoviePass Parent Lost $137 Million in Q3, May Be Unable to Raise Additional Funds

    Streaming media device maker Roku will begin to sell its shares at $14 when it starts trading on NASDAQ Thursday, according to a CNBC report. This puts the company’s valuation at $1.3 billion. Roku officially filed for IPO earlier this month, and at the time told potential investors that it was going to price its […]

  • Tender Claws Releases 'Tendar' AR Game

    ‘Virtual Virtual Reality’ Makers Release Augmented Reality Game ‘Tendar’

    Streaming media device maker Roku will begin to sell its shares at $14 when it starts trading on NASDAQ Thursday, according to a CNBC report. This puts the company’s valuation at $1.3 billion. Roku officially filed for IPO earlier this month, and at the time told potential investors that it was going to price its […]

  • A+E Networks' Sean Cohan Joins Wheelhouse

    A+E Networks' Sean Cohan Joins Wheelhouse Entertainment as President

    Streaming media device maker Roku will begin to sell its shares at $14 when it starts trading on NASDAQ Thursday, according to a CNBC report. This puts the company’s valuation at $1.3 billion. Roku officially filed for IPO earlier this month, and at the time told potential investors that it was going to price its […]

More From Our Brands

Access exclusive content