Roku IPO Aims To Raise More Than $200M And Bust Wall Street Tech Slump

Roku, the emerging tech player whose streaming technology has helped power the TV industry’s great re-bundling, is planning an initial public offering it hopes will raise more than $ 200 million. At that price, the company is valued at about $ 1.3 billion. According to an SEC filing, the company plans to start trading 15.7 million shares on Thursday, pricing them between $ 12 and $ 14 on the NASDAQ. About 9 million shares will be sold by Roku itself and 6 million by Menlo…
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