Roku Files For US$100m IPO
Roku has filed for a initial public offering of up to US$100 million ($125.6 million) on the Nasdaq.
According to Roku’s filing with the US Securities and Exchange Commission, it had 15.1 million active accounts as of June 30, and its users had streamed 2.9 billion hours of content including advertisng in the first six months of the year, up 76% year-on-year.
Streaming boxes from Roku are currently available in the US, Canada, Mexico, the UK, France, and Ireland. Roku TVs are sold in the US, Canada and Mexico, and manufactured by brands like Hisense, Hitachi, Sharp and TCL.
Roku highlighted its work on the Telstra TV streaming box as an example of one of its competitive strengths of also being able to provide IP-based content solutions to service providers.
“Roku enables service operators to rapidly deploy an IP-based solution to deliver content to their subscribers. For example, Sky and Telstra participate in our Roku Powered licensing program to offer their subscribers co-branded or white label versions of our players,” Roku said in its filing.
The streaming device maker is seeking to trade with the ticker symbol ROKU.