(Reuters) — Video streaming device maker Roku Inc filed for an preliminary public providing on Friday, as the corporate seems to be to money in on the booming demand for such providers.
The Los Gatos, California-based firm stated it utilized to checklist its Class A standard inventory on the Nasdaq underneath the ticker image “ROKU”.
Linked to televisions, Roku devices present entry to providers provided by Netflix Inc, Hulu, Amazon.com, Starz amongst others.
Roku had 15.1 million lively accounts as of June 30, according to the filing.
The corporate streamed 2.9 billion hours, together with promoting, within the six months ended June 30, a 76 p.c leap from a yr earlier, in keeping with the submitting.
The submitting didn’t point out the variety of shares that shall be provided and their worth vary.
Morgan Stanley and Citigroup World Markets Inc are the lead bookrunners, in keeping with the submitting
Roku filed for an IPO of as much as $100 million. The sum of money an organization says it plans to boost in its first IPO filings is used to calculate registration charges. The ultimate size of the IPO could possibly be completely different.