Roku aims to raise $252 million with IPO
NEW YORK (AP) " Video streaming pioneer Roku hopes to raise just over $252 million in an initial public offering as it tries to expand into more households.The Los Gatos, California, company on Monday said it would offer about 18 million shares of stock at $14 apiece.The company had 15.1 million active accounts as of June 30 and claims that its users streamed more than 6.7 billion hours over the six-month period ending June 30.Roku is still unprofitable and has amassed [...]
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