×
You will be redirected back to your article in seconds

Roku Plans to Price Shares Between $12 and $14

Roku is continuing to flesh out its plans to go public later this year. The streaming device maker revealed in an amendment to its original S-1 filing Monday that it aims to price its shares between $12 and $14. Altogether, the IPO could bring in up to $252 million.

However, Roku wouldn’t see all of this money fill its coffers. Menlo Ventures aims to sell 6 million shares when the company goes public, while Sky Ventures plans to sell 668,000 shares. A number of shares are also being reserved for Roku’s underwriters.

At the low-end, Roku’s share of the pot could come in at just $108 million – close to the $100 million first reported when the company first filed to go public earlier this month.

Roku has told the SEC that it 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. However, Roku is not profitable. Net loss during those first six months was $24.2 million.

The company currently generates the majority of its revenue with the sale of TV streaming devices, followed by advertising and licensing revenue. However, it looks like Roku may be getting ready to diversify: Variety reported exclusively on Monday that Roku may be looking to build its own Amazon Echo-like smart speaker.

More Digital

  • Three Great New Narrative AR and

    New AR/VR Worth Watching This Week: 'Crow,' 'Wonderscope,' 'Age of Sail'

    Roku is continuing to flesh out its plans to go public later this year. The streaming device maker revealed in an amendment to its original S-1 filing Monday that it aims to price its shares between $12 and $14. Altogether, the IPO could bring in up to $252 million. However, Roku wouldn’t see all of […]

  • Xbox One X Console Controller Front

    Disc-Free Xbox One in the Works (Report)

    Roku is continuing to flesh out its plans to go public later this year. The streaming device maker revealed in an amendment to its original S-1 filing Monday that it aims to price its shares between $12 and $14. Altogether, the IPO could bring in up to $252 million. However, Roku wouldn’t see all of […]

  • Kickstarter Gameband Game Watch is Officially

    Kickstarter Gameband Game Watch Is Officially Dead, No Refunds in Sight

    Roku is continuing to flesh out its plans to go public later this year. The streaming device maker revealed in an amendment to its original S-1 filing Monday that it aims to price its shares between $12 and $14. Altogether, the IPO could bring in up to $252 million. However, Roku wouldn’t see all of […]

  • Facebook Tests Messenger Group Video Viewing

    Facebook May Be Bringing Group Video Viewing to Messenger

    Roku is continuing to flesh out its plans to go public later this year. The streaming device maker revealed in an amendment to its original S-1 filing Monday that it aims to price its shares between $12 and $14. Altogether, the IPO could bring in up to $252 million. However, Roku wouldn’t see all of […]

  • Ken Jeong Cracks Christmas – YouTube

    Ken Jeong Wears an Ugly Christmas Sweater in YouTube's Holiday Special

    Roku is continuing to flesh out its plans to go public later this year. The streaming device maker revealed in an amendment to its original S-1 filing Monday that it aims to price its shares between $12 and $14. Altogether, the IPO could bring in up to $252 million. However, Roku wouldn’t see all of […]

More From Our Brands

Access exclusive content