The infusion in capital will help Roku as it defends it’s spot as the number one streaming device in the United States against tech giants in the streaming space including Amazon, Google, and Apple.
The following release was sent out regarding the IPO:
Roku Inc., a pioneer of TV streaming, announced today that it has publicly filed a registration statement with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of shares of its Class A common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. Roku has applied to list its Class A common stock on the NASDAQ Global Select Market under the ticker symbol “ROKU.”
Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. are acting as lead bookrunners for the proposed offering. Allen & Company LLC and RBC Capital Markets, LLC are acting as book-running managers, and Needham & Company, LLC, Oppenheimer & Co. Inc. and William Blair & Company, L.L.C. are acting as co-managers for the proposed offering.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The offering will be made only by means of a prospectus. Copies of the preliminary prospectus related to the offering may be obtained, when available, from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; or Citigroup Global Markets Inc. c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by calling (800) 831-9146.