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Roku IPO: Shares soar in morning trading

Roku IPO: Shares soar in morning trading LOS GATOS — TV streaming startup Roku popped in its public market debut Thursday morning, with its shares climbing nearly 50 percent.

Roku is one of the pioneers of the increasingly popular “cut the cord” movement, which allows people to watch their favorite movies and TV shows online instead of via traditional cable packages.

Roku, originally a hardware company, now offers both streaming players and a service that gives users access to programming from Netflix, Hulu, Amazon Video, HBO and more.

Like many Silicon Valley tech companies entering the public market, Roku is not profitable.

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READ MORE (The Mercury News)

  • Roku IPO: Shares jump 50% as investors bet the firm can fend off Amazon, Apple ...Los Angeles Times
  • Roku shares jump 50% as investors tune into IPOFinancial Times
  • Roku IPO Prices At High End Of Range As Trading Ready To BeginInvestor's Business Daily
  • Roku surges 30% in stock market debutTechCrunch
  • Nasdaq Welcomes Roku, Inc. (Nasdaq: ROKU) to The Nasdaq Stock MarketValueWalk
  • Roku skyrockets on opening day of trading—jumps more than 50%CNBC
  • Video streamer Roku raises $219 million in IPO, prices at top of rangeReuters
  • TV-gadget maker Roku climbs after IPO raises $219MPhys.Org
  • Roku's $1.3B IPO valuation faces tough test against tech titans (Video)Silicon Valley Business Journal

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Roku IPO: Shares soar in morning trading


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