Roku shares jump more than 50% in trading debut

What to Watch for in Roku's $219 Million IPO

As of June 30, Roku had 15.1 million active accounts. By comparison, the fourth largest multichannel video programming video distributor in the United States had approximately 13.3 million subscribers in this time as well. Visit MarketWatch.com for more information on this news. Roku has also seen increasing competition from companies like Apple, Google and Amazon, which all sell their own streaming TV devices. The company also offers its software to other consumers electronics makers that want to use it as the interface for their smart TVs. (NASDAQ: AAPL)'s Apple TV in terms of total users in the month of July.

Roku addressed the crowded streaming market in their prospectus as well, recognizing it as a risk and saying that "These companies have the financial resources to subsidize the cost of their streaming devices in order to promote their...products and services making it harder for us to acquire new users and increase hours streamed".

The 15.67 million Class A share offering was priced at $14 per share, the upper end of Roku's proposed $12 to $14 range, raising about $219.35 million in proceeds. "Our mission is to be the TV streaming platform that connects the entire TV ecosystem". So it pays to identify and track companies that are getting ready to go or have recently gone public.

The U.S. IPO market is struggling to finish 2017 on a high note even though it has already raked in more money so far this year than it did in 2016.


Roku had $398.6 million in revenue a year ago, up 25 percent from $319.9 million in 2015.

Roku Inc. helped pioneer the streaming video market.

Roku, however, has managed to deftly navigate the turbulent landscape, wisely branching out from the revenue from its streaming sticks and boxes-which is still three-quarters of total sales-into areas like advertising and licensing. Alphabet shares were up 0.2%, near 962.

Related News:

  • 'SNL' adds cast members, replacing Moynihan, Zamata and Bayer

    'SNL' adds cast members, replacing Moynihan, Zamata and Bayer

    Still around is Kenan Thompson, who has surpassed Darrell Hammond as the longest-running cast member with fifteen seasons. The show is coming off one of its most watched seasons ever which earned it nine Emmy awards, more than any other show.
    Facebook Releasing Thousands Of Russian Influence Ads To Congress

    Facebook Releasing Thousands Of Russian Influence Ads To Congress

    The move Thursday comes as the company has faced growing pressure from members of Congress to release the content of the ads. Facebook executives had briefed the Senate Intelligence Committee earlier this month on the Russian-linked ads.
    Dozens of countries sign historic nuclear weapons ban at UN

    Dozens of countries sign historic nuclear weapons ban at UN

    Armed conflicts were the main reason for the displacement crises, SIPRI said in its 48th edition of its annual yearbook. Australian diplomats are also skeptical about the treaty's ability to reduce the number of nuclear weapons.
  • Contractors Start Building Border Wall Prototypes

    Contractors Start Building Border Wall Prototypes

    During the president's speech in Alabama Friday night, he talked about final choices being made with respect to the wall. The parking ban, which started Tuesday, will extend to November 10, the Los Angeles Times reported .
    At $56 Per Barrel, Crude Oil Set for Highest Gain Since 2004

    At $56 Per Barrel, Crude Oil Set for Highest Gain Since 2004

    The S&P Global Platts survey forecasts a fall of 800,000 barrels for gasoline and a 1 million-barrel draw for distillates. Oil prices rallied Wednesday as official data showed that US gasoline stockpiles fell to a 22-month low.
    Toys

    Toys "R" Us, $4.9bn in debt, files for bankruptcy

    The company says the proceedings are a way for Toys "R" Us to work with its creditors on restructuring the debt beleaguering it. It also plans to close an unspecified number of its 1,600 stores.
  • Futures flat as Yellen's speech awaited

    Futures flat as Yellen's speech awaited

    China's industrial-profit growth accelerated in August, driven by higher prices for industrial goods and lower production costs. The Euro-to-Dollar rate pared a 0.68% loss overhanging from the London session to trade just 0.52% down at 1.1794.
    IPhone 8 Plus Costs About Rs 19000 To Manufacture: Teardown Report

    IPhone 8 Plus Costs About Rs 19000 To Manufacture: Teardown Report

    The iPhone 8 was put to the water test and was dropping in water initially for about 30 minutes but the phone was still working. The iPhone 8 Plus fared very well on our battery test with a runtime over 11 hours , but the iPhone X should be even better.
    Tesla, AMD May Be Teaming Up to Build Autopilot Chip for Cars

    Tesla, AMD May Be Teaming Up to Build Autopilot Chip for Cars

    According to commentators, a more power-efficient purpose-built chip could help development of totally autonomous driving. GlobalFoundries manufacturers these chips and has a wafer supply agreement with AMD until 2020.
  • Here's what critics are saying about 'Star Trek

    Here's what critics are saying about 'Star Trek

    The other show feels like a version of Star Trek created to cater to the immediate cultural moment in all the wrong ways. Like many, I have been anticipating the release of the new Star Trek series Discovery .
    Donald Trump: John McCain 'Let Arizona Down' With Health Bill Decision

    Donald Trump: John McCain 'Let Arizona Down' With Health Bill Decision

    The embattled Republican effort to repeal the nation's health-care law now centers on winning over a hard-line conservative, Sen. It would also change the open-ended entitlement structure of Medicaid , instead giving states money on a per-capita basis.
    Trump urges 'strong & swift' United Nations  action to end Rohingya crisis

    Trump urges 'strong & swift' United Nations action to end Rohingya crisis

    Countries such as Bangladesh and Pakistan have seen a massive influx of Rohingya refugees in that two week span. The predominantly Buddhist Myanmar considers them Bangladeshi, but Bangladesh says they're Burmese.


Most liked

Trump Administration Waives Shipping Restriction For Puerto Rico
Now foreign-flagged vessels also will be able to move shipments from the US mainland to Puerto Rico and between ports there. In Washington, some politicians said the Jones Act waiver should last longer or that the law should be completely repealed.

Women can now drive in Saudi Arabia
Midrange brands dominate the Saudi market, with Toyota, Hyundai-Kia and Nissan together commanding a 71 percent share of sales. The US-raised Saudi citizen worked with various ministries in Riyadh before returning to the States in 2017.

Kylie Jenner's Reported Pregnancy Gets Kardashian Family Approval
They've been privately sharing the big news for about two months now. "So no one saw this coming". Kylie is excited that her baby will have cousins close to her age too!

Bulls, Dwyane Wade agree to a buyout
And Wade seems to know it, as a source with knowledge of his thinking told Ramona Shelburne that Miami isn't a realistic option. The pair worked out recently, with Wade posting on Instagram: "To say we had a great week of work would be an understatement".

Federation Internationale de Football Association to lift controversial poppy ban
Instead, with the prospect of increased fines being levied for repeat offences, negotiations have taken place to find a solution. As a result of this, the United Kingdom associations are no longer expected to pay the fines they were hit with previous year .

Klopp To Make 4 Changes: Predicted Liverpool XI vs Spartak Moscow
We're waiting to see if anybody latches onto Klopp saying "I love Harry Kane " and runs with a January transfer story. Answer: 'I'm really impressed that we are in a Champions League press conference and talk about things like this.

China tells Japan not to abandon dialogue over North Korea
A 3.0 magnitude quake was detected near North Korea's nuclear test site on Saturday, South Korea's weather agency said . Trump has said he won't allow it, although the U.S.so far has not used military force to impede the North's progress.

South Korea says quake in North Korea was not result of blast
The European Union has also reportedly agreed to impose tougher sanctions on Pyongyang , in addition to the latest round recently imposed by the U.N.

How to Watch Alaves vs. Real Madrid
But the Alaves substitute's stab under Navas bounced away off the frame of the goal again and Madrid escaped with the points. Just three minutes after the equaliser, Ceballos struck again, with Pacheco failing to clear the initial chance.

Kylie Jenner and Travis Scott Are Expecting a Baby
It's big news from Kardashian Korner because youngest sis Kylie Jenner is pregnant . "The family has known for quite some time". Meanwhile, according to TMZ sources, Travis is also spilling the big news to his buddies that he's going to become a dad.

Deals: Amazon India offers great discounts, iPhone prices cut up to 30%
The connectivity options of smartphone are- Wi-Fi 802.11 a/b/g/n/ac, Bluetooth 4.2, USB 2.0 Type-C, 4G VoLTE, A-GPS and GLONASS. As Flipkart enters into second day of its sales day, it has announced to sell Apple iPhone models at "lowest prices".

OECD revises up Japan's 2018 growth forecast to 1.2 percent
Brazil had its forecast for this year slashed by 0.1 point to 0.6%, while the prediction for next year was left unchanged at 1.6%. It kept its growth forecast for the United States this year unchanged at 2.1 percent, as it did for next year at 2.4 percent.

Monster Hurricane Maria Approaches Puerto Rico
Virgin Islands , the British Virgin Islands , Culebra, Vieques, and the Dominican Republic from Cabo Engano to Puerto Plata. It was largely spared by Hurricane Irma when it roared through the Caribbean as a Category 5 hurricane earlier this month.

Trump Calls for July 4th Military Parade Down Pennsylvania Avenue
He said he was impressed by the military parade in central Paris in July, when he was visiting the French capital. Macron said he will continue to talk with Trump "in the hope that he comes back" to the climate accord.

Report Zapad Attack Helicopters Fire On Journalists, Two Seriously Injured
According to the Russians, the helicopter's automated targeting system locked onto the truck by mistake and fired the missile. Russia's government has denied it occurred during President Vladimir Putin's visit to the war games on Monday.