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posted by Fnord666 on Saturday September 02 2017, @09:49PM   Printer-friendly
from the seeking-cash dept.

http://www.businessinsider.com/roku-files-for-an-initial-public-offering-2017-9

Roku has made official what's been rumored: It wants to go public.

The digital media player maker publicly filed its S-1 with the Securities and Exchange Commission on Friday - the first big step for a company seeking an initial public offering (IPO) of its shares.

The company plans to list shares on the Nasdaq stock exchange under the ticker "ROKU."

[...] As of June 30, Roku had 15.1 million active accounts on its service, according to the filing. Customers using Roku devices or TV's with its interface streamed 6.7 billion hours of internet video in the first half of 2017 - up 62% from the same period in 2016, the company said in the filing.


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  • (Score: 3, Insightful) by bziman on Sunday September 03 2017, @04:30PM

    by bziman (3577) on Sunday September 03 2017, @04:30PM (#563165)

    I love my Roku enough that I was able to cancel my satellite TV subscription almost two years ago. That said, I'm not sure I would buy stock in a company that isn't profitable... especially not when they have to compete with (inferior but cheaper) devices from Apple, Amazon, and Google. Not to mention many TVs that have that sort of integration built in. Sure, they are best of breed... but so was TiVo. I hope Roku fares better, but I'm not betting my investment dollars on it.

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