Roku now intends to raise as much as $252 million via an IPO that aims to offer about 18.01 million shares for $12 to $14 each, according to anamended S-1filed Monday.
Earlier this month,Roku filed an S-1 that outlined plans for an IPO that would raise up to $100 million. Roku plans to trade on Nasdaq under the “ROKU” ticker symbol.
The planned IPO would value Roku at between $1.1 billion and $1.3 billion,according toThe Wall Street Journal. The $252 million total that could be raised includes $219 million for the company, and an option for underwriters to buy an additional 2.4 million shares, the report added.
For more, go to multichannel.com.
The television industry's top news stories, analysis and blogs of the day.