Mainpage
Hi-Tech

Roku seeks to raise $100M in IPO

Image raymond Wong mashable
Image raymond Wong mashable
Author

02 September, 2017

The streaming device company on Friday filed for an initial public offering.

XAutoplay: On | OffThe company listed in a filing an initial offering size of $100 million, which it said is a placeholder used to calculate fees and will probably change. Last year, it lost almost $43 million on $399 million in revenue.

"Over time, I believe that streaming will allow consumers on-demand access to every movie and TV show ever made as well as brand new categories of short form videos and specialty content", said Roku CEO Anthony Wood in the filing.

Roku is betting that viewers will continue to stream TV.

Roku did not immediately respond to TheWrap's request for comment. The company said its growth strategy is to increase the number of active accounts and the amount of money it makes per user.

Analyst Parks Associates announced just a couple of weeks ago that according to its estimates, Roku is increasing its lead in the streaming media player landscape, now accounting for 37 percent of streaming media players.

Like many young tech companies, Roku is still unprofitable.

Roku was an early mover in what is now a crowded market of home devices and streaming tools.


More news


  • Walters and O'Shea take full part in Ireland training

    Walters and O'Shea take full part in Ireland training

    Both players trained without any setbacks and will now be in contention for a place in Ireland's matchday squad for the Georgia and Serbia games.
    Steelers GM Kevin Colbert Signs Two-Year Extension

    Steelers GM Kevin Colbert Signs Two-Year Extension

    One thing we do know is that he will be returning to the Steelers' facility to sign his franchise tender and resume team activity. Steelers President Art Rooney praised Colbert's "dedication and diligent work" as being a major factor in the team's success .
    Common Cause Sues Kid Rock

    Common Cause Sues Kid Rock

    While a potential candidate is allowed to explore the possibility of running for office, election-campaign-finance lawyer Jerry H. Ryan , the organization's vice president for policy and litigation, in a statement published to the organization's Web site .
  • NFL Clears Martavis Bryant to Return from Year-Long Drug Suspension

    NFL Clears Martavis Bryant to Return from Year-Long Drug Suspension

    He missed four games in 2015 and had to sit out the entire 2016 season, but is now ready to contribute in 2017. Happy to be back: The NFL reinstated Steelers WR Martavis Bryant on Friday.
    Cleveland Browns cut Brock Osweiler

    Cleveland Browns cut Brock Osweiler

    Osweiler got the start in the first two preseason games for the Browns, then he didn't see the field in the final two. The Browns acquired Osweiler in March from the Texans , who traded the quarterback to rid themselves of his contract.
    Gun pulled out during fight over last notebook at Michigan Walmart

    Gun pulled out during fight over last notebook at Michigan Walmart

    The seriousness of the charges may range considerably. "All the way up to felonious assault with a firearm". The mother got shoved out of the way while the remaining three fought.
  • Christie Can't Get Over Sandy, Blasts Cruz for 'Playing Politics'

    Christie Can't Get Over Sandy, Blasts Cruz for 'Playing Politics'

    On Wednesday's " Morning Joe ", MSNBC host Joe Scarborough asked Christie for his "biggest disappointment" in the current White House.

    Analyst Opinion Summary: Kite Pharma, Inc. (KITE), Marathon Patent Group, Inc. (MARA)

    If we take a long term observation, shares have been trading at a distance of -60.91% from the 200-day moving average. For the past 5 years, the company's revenue has grown 0%, while the company's earnings per share has grown 0%.

    Wal-Mart Stores, Inc. (WMT) Insider Jeffrey J. Gearhart Sells 9216 Shares

    As per Friday, November 6, the company rating was maintained by TH Capital. (NYSE:THO) on Tuesday, August 15 with "Hold" rating. The retailer reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.07 by $0.01.
  • Saints WR Willie Snead Suspended For First 3 Games Of Season

    Saints WR Willie Snead Suspended For First 3 Games Of Season

    Expect more targets for tight end Coby Fleener and fellow wideouts Michael Thomas and Brandon Coleman while Snead is out. Snead was projected for 72.3 catches, 951.9 yards, and 5.3 touchdowns as our 26th-best wideout before the suspension.
    Influential (and Wonky) Texas Laws Going into Effect September 1

    Influential (and Wonky) Texas Laws Going into Effect September 1

    Instead of a patchwork of rules and regulations regarding of texting and driving, the statewide ban goes into effect. Exceptions to the new law include emergency communication or electronic messaging when the vehicle is stopped.
    Female Deputy District Attorney Badly Beaten, Bloodied in Gang Attack

    Female Deputy District Attorney Badly Beaten, Bloodied in Gang Attack

    Manzella said the victim "was visibly injured and had a laceration on her head and perhaps other injuries". Police do not suspect the man was trying to sexually assault or rob the woman, Manzella said.