Roku, maker of devices and software for streaming video, has filed for an initial public offering. It will be listed as ROKU. According to Bloomberg:
The company listed an initial offering size of $100 million, which it said is a placeholder used to calculate fees and will probably change. The company plans to use the proceeds for general corporate purposes including research and development and marketing, according to a filing Friday with the U.S. Securities and Exchange Commission.
Morgan Stanley and Citigroup Inc. are leading the offering.
Thoughts? Will you be investing in this IPO? Is this a smart move for the company?
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