Roku prices IPO at high end of expectations - New York Post
“There has been a lot of pent-up demand,” Triton Research’s Everett Wallace told The Post. “There was a real scarcity in the market. So when there’s something to buy, and it’s priced right, it blows up.”
Shares of Roku soared 67.9 percent, to $23.50, on their first day of trading, as investors rushed to make room on the couch for the market share leader in streaming video.
Roku’s stock raised $219 million and gave the company a valuation of $1.3 billion.
Over the past few years, Roku has generated more and more revenue from advertising and subscription share on its platform rather than relying just on the sale of its players.
Full article from New York Post - HERE